RBA Statement on Monetary Policy | Forex Factory

RBA Statement on Monetary Policy | Forex Factory

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. Since the Board's previous meeting, information on the global economy has been consistent with growth having been a bit below trend in 2013, but with reasonable prospects of a pick-up this year. The United States economy continues its expansion and the euro area has begun a recovery from recession, albeit a fragile one. Japan has recorded a significant pick-up in growth, while China's growth remains in line with policymakers' objectives. Commodity prices have declined from their peaks but in historical terms remain high. The ... (full story)

Comments / Top
Subscribe

Feb 4, 2014 1:22am

Looks like lots of people are getting trapped short A/U. Be careful out there... .8900 has been taken out, .9000 is up next. Go back to August 5th, 2013 and look at the next 4 daily candles and the 400pip run up from the lows. Then go to Sept. 1st 2013 and look at that 800pip run up in the following weeks. Don't get caught too heavy short if you can't handle a big move up against you!

Feb 4, 2014 1:34am

Quoting dghent

Disliked

You really have to laugh at the RBA, they have been trying very hard to get the A$ down and with a badly worded statement they are able to push the currency up almost 2%. Well done Mr Stevens, you really know your job!!

Ignored

Yep, everyone was looking for .8500. Not any time soon. Price just busted right up through the 4hr 200ma without any trouble!

Feb 3, 2014 9:56pm

Quoting irongoose

Disliked

The Aud/Usd just shot up 90 + pips did I miss something in this statement?????

Ignored

"Since the Board's previous meeting, information on the global economy has been consistent with growth having been a bit below trend in 2013, but with reasonable prospects of a pick-up this year. The United States economy continues its expansion and the euro area has begun a recovery from recession, albeit a fragile one. Japan has recorded a significant pick-up in growth, while China's growth remains in line with policymakers' objectives. Commodity prices have declined from their peaks but in historical terms remain high."

"In Australia, information becoming available over the summer suggests slightly firmer consumer demand and foreshadows a solid expansion in housing construction. Some indicators of business conditions and confidence have shown improvement. "

"Beyond the short term, growth is expected to strengthen, helped by continued low interest rates and the lower exchange rate. Inflation is expected to be somewhat higher than forecast three months ago, but still consistent with the 2–3 per cent target over the next two years."

Feb 3, 2014 11:07pm

Quoting AussieForexM

Disliked

What caused this spike? I'm confused....

Ignored

Confused ? AUD cash rate ,Highly Compressed Aussie Ball ,Bounce Back in RBA cash Rate ,today onwards it will continue !

Feb 4, 2014 2:42am

The momentum was expected given what we are seeing on the charts. The 'bearish' pinbar on the D1 was really just to fake traders into selling. The news was merely the catalyst/ confirmation for market makers to start pushing the price up. They have gone long a long time ago.

Given the amount of short squeezing going on, this should go up really fast and test the weekly trendline (0.933) within 2 weeks perhaps.

Feb 4, 2014 3:21pm

Quoting AussieForexM

Disliked

If their intention is to bring the AUD down, then this comment is either deliberate and the RBA is being manipulative. Or, he just stuffed up.

Ignored

Maybe this was the push to prepare for the ultimate sell-off so they can make some money. Remember, the faster they rise up, the harder they fall.

Look AU is stalling. And all it takes is something bad coming out of the 4:45 pm NZD employment report and watch it all tumbling down...

Feb 4, 2014 1:56am

Quoting dghent

Disliked

You really have to laugh at the RBA, they have been trying very hard to get the A$ down and with a badly worded statement they are able to push the currency up almost 2%. Well done Mr Stevens, you really know your job!!

Ignored

you been short I guess

people usually call this exchange rate manipulation.

not everything is as it seems.

Feb 4, 2014 3:17am

Quoting tasawar

Disliked

I think sell aud/usd at 0.8915 with the stop of .08945 and tp is 0.8815

Ignored

Don't fight with strong trend on 1H chart until it get weak. Now it's better to buy after price action push on 5m chart. Normally it's 10 pip stop loss and 30-40 pip take profit or close if wave is exhausted.

Happy trading

Feb 4, 2014 1:30am

You really have to laugh at the RBA, they have been trying very hard to get the A$ down and with a badly worded statement they are able to push the currency up almost 2%. Well done Mr Stevens, you really know your job!!

Feb 4, 2014 2:20am

Quoting dghent

Disliked

You really have to laugh at the RBA, they have been trying very hard to get the A$ down and with a badly worded statement they are able to push the currency up almost 2%. Well done Mr Stevens, you really know your job!!

Ignored

If their intention is to bring the AUD down, then this comment is either deliberate and the RBA is being manipulative. Or, he just stuffed up.

Feb 4, 2014 4:01pm

The accelerated downtrend line BROKE and the intermediate one broke too with ONE daily bar. next major resistance is the weekly/long term trendline followed by 0.9366.

Feb 4, 2014 2:50pm

Quick look at the chart tells me bullish news is coming... you must be dull not to see it.

Feb 3, 2014 9:51pm

great move, was struggling from AUDNZD long position and turns into profit

Feb 4, 2014 1:07am

Audusd si still a short haven till further notice

Feb 3, 2014 10:37pm

What caused this spike? I'm confused....

Feb 3, 2014 9:42pm

The Aud/Usd just shot up 90 + pips did I miss something in this statement?????

Feb 3, 2014 11:03pm

buying aussie from 8745

hahaa.. iyess

Feb 3, 2014 10:01pm

AUD is fighting back

Feb 3, 2014 10:05pm

now time to scalp by selling the AUD/JPY

Feb 4, 2014 1:05am

I think sell aud/usd at 0.8915 with the stop of .08945 and tp is 0.8815

Feb 3, 2014 9:45pm

"Room to cut rate" was removed

Feb 3, 2014 9:53pm

Quoting irongoose

Disliked

The Aud/Usd just shot up 90 + pips did I miss something in this statement?????

Ignored

Yea it was expected RBA would hold!

Trader#28F8

Feb 3, 2014 10:30pm

AUD was due for this "surprise" pullback...check the Weekly and Daily indicators...all new PRICE lows have been met with very clear bullish divergence. EUR / AUD was again the obvious leading indicator for this call. EUR / AUD at around the 1.5050 - 1.5100 would be a good time to take 1st profits off the table for LONG Ozzie outright. Time for RISK ON around the corner, in all pairs

Feb 3, 2014 10:37pm

AUD/JPY could it hit 90.500 ?

Feb 3, 2014 11:42pm

AUDUSD back above 90C to touch on long term trend line (10.4.13/23.10.13/(forecasted mid/late Feb)

Trader#A363

Feb 4, 2014 1:14am

I spent last week talking about the support on a/u at .8700-20 and why you should buy it. .8900 was the first target, just hit it. Now looking to see some follow through up to .9000 and see how it reacts up there. The correction higher is here ladies and gents.

Trader#39DA

Feb 3, 2014 10:25pm

Quoting wael shami

Disliked

now time to scalp by selling the AUD/JPY

Ignored

I might wait until it settles a bit before doing much selling.

Related Stories

There are no posts to display for these settings.

Story Stats

Feb 3, 2014 9:30pm
Posted by
Newsstand

High Impact Breaking

27

10.6K
Linked events:

AU Cash Rate

AU RBA Rate Statement
1 traders viewing now