RBA Statement on Monetary Policy

RBA Statement on Monetary Policy

From rba.gov.au

At its meeting today, the Board decided to leave the cash rate unchanged at 2.5 per cent. Recent information is consistent with global growth running a bit below average this year, with reasonable prospects of a pick-up next year. Commodity prices have declined from their peaks, but generally remain at high levels by historical standards. Inflation in most countries is well contained. Overall, global financial conditions remain very accommodative. Volatility in financial markets has abated recently. Long-term interest rates remain very low and there is ample funding available for creditworthy borrowers. In Australia, ... (full story)

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Aussi

Nov 4, 2013 7:49pm

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he needed to get to the races

Aussi

Nov 4, 2013 11:00pm

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and maybe 88 but at some time around 92 would be nice buy , I just love the sweat and tears

izzas

Nov 4, 2013 8:30pm

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buyer beware.. Seller beware

frx_trader

Nov 4, 2013 10:38pm

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For mid term, AU seems to be falling to .92.

KevinThomas

Nov 4, 2013 7:53pm

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Quoting anytime1991

Disliked

Buy aud on low point

Ignored

Based on the statement, I am scared of buying... Should wait till London time to see.

cppolybd

Nov 4, 2013 8:18pm

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'A$ is uncmfortablely high' ...
.8c will comfortable or lower...
Last time he was more hawkish but this time when data is getting better he is dovish.

jampang

Nov 5, 2013 3:48am

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ignore noise, AUD still bullish on chart, long only....

Forex Kong

Nov 4, 2013 7:52pm

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I'm actually surprised they are hanging in and not just "drop er like a rock" with respect to the room they've still got.

Rate cut etc....maybe Deano can shed more light.

With further easing out of Japan expected , and obvious further QE coming from the U.S "AND" with EURO Zone now talking the talk.

Go for it guys! Get in on the race for the bottom!

Forex Kong

Nov 4, 2013 8:26pm

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I'm on the other side of that trade....

Grab a weekly chart and see uptrend broken...topping out April 2011 then flat across the top 2011/12 then falling out of bed in Feb 13.....and of course "this retracement".

Short term action is what it is.

Big trades will be seen with AUD headed lower.

Nov 4, 2013 7:50pm

Bugger!

Nov 4, 2013 8:48pm

So should I buy Aaudusd or what?

Nov 4, 2013 7:34pm

Still Jawboning.

Nov 4, 2013 8:40pm

fear for the lossers....courages for the true blooded fxtraders...be bold enough to think intuitively, and execute your well planned bullish or bearish entry....makes the fxworld keep moving....

Daniel1

Nov 4, 2013 7:37pm

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Will the jawboning is working it's taking a dive at the moment

kami123123

Nov 4, 2013 7:43pm

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m30 is showing rejection, lets see what happens. i am bullish.

Freevestor

Nov 4, 2013 7:44pm

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I was kind of hoping for a "Please sell our currency! We'll give you a set of steak knives!"

Nov 4, 2013 7:49pm

Buy aud on low point

Nov 4, 2013 7:51pm

buying or selling, just watch ur trade closely. you might fall into a trap

boon2

Nov 4, 2013 7:52pm

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Typical buy the rumor sell the news trade!

Will be looking to buy AUD on retracement

boon2

Nov 4, 2013 8:06pm

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Quoting KevinThomas

Disliked

Based on the statement, I am scared of buying... Should wait till London time to see.

Ignored

All the more reason to buy!

skyboys007

Nov 4, 2013 8:43pm

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Lower AUD is needed to pick up the economy.

Trader#4525

Nov 4, 2013 9:03pm

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Quoting Forex Kong

Disliked

I'm actually surprised they are hanging in and not just \"drop er like a rock\" with respect to the room they've still got.

Rate cut etc....maybe Deano can shed more light.

With further easing out of Japan expected , and obvious further QE coming from the U.S \"AND\" with EURO Zone now talking the talk.

Go for it guys! Get in on the race for the bottom!

Ignored

Rubbish the idea of more QE from the States...Sell Aussie like there is no tomorrow