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. Growth in the global economy was a bit below trend in 2013, but there are reasonable prospects of a pick-up this year. The United States economy, while affected by adverse weather, 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. China's growth remains generally in line with policymakers' objectives, though it may have slowed a little in early 2014. Commodity prices have declined from their peaks but in historical terms remain ... (full story)

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Apr 1, 2014 4:48am

please go and just look it will bring tears to your heart

Three orphaned brothers have been left speechless and almost in tears after generous Australians donated more than half a million dollars in one day to help them buy their family home so that they could stay together.
http://news.ninemsn.com.au/national/2014/04/01/18/29/australia-chips-in-for-orphaned-brothers

Mar 31, 2014 10:53pm

Unless the daily candle closes above .9300, I think the time has come for some selling. As bullish as I've been the past 2 months, things are looking a little overbought and exhausted. This could be the top/start of a correction lower(maybe retest .9000 or .8900 again).

Always remember, buy the dips in an uptrend and sell the rallies in a downtrend. Happy Trading!

Mar 31, 2014 11:13pm

Thanks for all your assessment. Now mine. There is no reason to buy but for USD weakness. USD will continue to be weak for sometime. And Crimea, don't know how it will affect. For now it's a push. And China economy factor.

Mar 31, 2014 10:35pm

cash rate unchanged : Neutral
Growth in the global economy was a bit below trend in 2013 : Negative
There are reasonable prospects of a pick-up this year : Positive
Commodity prices have declined from their peaks : Negative
But in historical terms remain high : Positive

2 Negative and 2 Positive : So what is the calculation ?
Possibility of Spike

Mar 31, 2014 10:35pm

Hit the stops of those who were short...then hit the stops of those who went long...now a little patience and let the true direction show itself.

Mar 31, 2014 10:39pm

overbought condition.. RBA a little more forthright in jawboning the AUD lower.

Mar 31, 2014 10:39pm

Language is a little more dovish, trying to talk down the currency a little - maybe some short term weakness to allow buying around 0.92.

Apr 1, 2014 12:18am

Me thinks this pair ain't done with its upward action.

Apr 1, 2014 12:54am

Quoting fxchong

Disliked

Probably will going down due to profit taking.

Ignored

What about loss taking.

Mar 31, 2014 10:43pm

No rate hikes. And The continuing crisis in the Ukraine could see investors dump riskier currencies like the Aussie in favor of the safe-haven US dollar as well as JPY.

Mar 31, 2014 10:37pm

Quoting skidrow

Disliked

cash rate unchanged : Neutral
Growth in the global economy was a bit below trend in 2013 : Negative
There are reasonable prospects of a pick-up this year : Positive
Commodity prices have declined from their peaks : Negative
But in historical terms remain high : Positive

2 Negative and 2 Positive : So what is the calculation ?

Ignored

down first, up next.

Mar 31, 2014 10:40pm

Quoting skidrow

Disliked

cash rate unchanged : Neutral
Growth in the global economy was a bit below trend in 2013 : Negative
There are reasonable prospects of a pick-up this year : Positive
Commodity prices have declined from their peaks : Negative
But in historical terms remain high : Positive

2 Negative and 2 Positive : So what is the calculation ?

Ignored

I think Commodity price should be weight high as AUD is relying on exporting metals a lot.

Mar 31, 2014 10:47pm

Quoting Care forex

Disliked

No rate hikes. And The continuing crisis in the Ukraine could see investors dump riskier currencies like the Aussie in favor of the safe-haven US dollar as well as JPY.

Ignored

Althouhg AUD maybe is sell for now, but I am not sure still Aussie is riskier currency for long term.

Mar 31, 2014 11:53pm

Buy AUD/USD under 9200 near with stop under 9150 is good risk reward for a move to 9400+

Selling AUD/USD here is fine but you probably want to pick a better pair to sell against. I would suggest CAD if you cautious or GBP if you want some action.

If you dont know, now you know

Apr 1, 2014 1:23am

EUR/AUD is just GBP/AUD with EUR/GBP and if you know that pair you know its under pressure ahead of huge event risk from the ECB. I would stick to the cleaner GBP/AUD if i was going to buy either.

AUD/NZD is the pair to buy the AUD with cause of wear we are post RBNZ rate hikes.

Apr 1, 2014 2:32am

Market will go up for some, but not highly up.

Mar 31, 2014 10:33pm

lets go ..

Mar 31, 2014 10:33pm

just noisy then.....

Mar 31, 2014 10:36pm

going up and down

Mar 31, 2014 10:36pm

Probably will going down due to profit taking.

Mar 31, 2014 10:42pm

sell au

Trader#26E7

Mar 31, 2014 10:43pm

This pair will fall to -rally level at 0.9080 before finding more robust bulls. I will eventually be going for 0.96 but first, looking for a robust retracement. I am playing this by proxy on euraud long. Will short later

Mar 31, 2014 10:45pm

Quoting nobita234

Disliked

sell au

Ignored

correct...I think....

Mar 31, 2014 10:57pm

buy on dip around 0.9250

Trader#A9C2

Apr 1, 2014 12:04am

Quoting TradeAlerter

Disliked

Buy AUD/USD under 9200 near with stop under 9150 is good risk reward for a move to 9400+

Selling AUD/USD here is fine but you probably want to pick a better pair to sell against. I would suggest CAD if you cautious or GBP if you want some action.

If you dont know, now you know

Ignored

What about selling AUD on EURAUD?

Apr 1, 2014 6:21am

so friends what you think the outlook for AUD/USD to day...

Apr 1, 2014 7:27am

sp500 in bomb clock count for 1990 points
1889.5 points above ...

Trader#179E

Mar 31, 2014 10:51pm

up and down just like roller coaster.... that's why i hate to trade when 2 news release together... but i think aud will reach 0.9350 today... hope so lol

Trader#34B1

Apr 1, 2014 6:15am

Half a mil in a day, good on ya aussies

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Story Stats

Mar 31, 2014 10:30pm
Posted by
Newsstand

High Impact Breaking

29

9,328
Linked events:

AU Cash Rate

AU RBA Rate Statement