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 better outcome this year, helped by firmer conditions in the advanced countries. China's growth appears to have slowed a little in early 2014 but remains generally in line with policymakers' objectives. Commodity prices in historical terms remain high, though some of those important to Australia have softened further of late. Financial conditions overall remain very accommodative. Long-term interest rates and most risk spreads ... (full story)

Comment Options
freewilly
May 6, 2014 12:04am
Permalink
The price has been trapped between 0.9200-0.9320 since the downfall from April 23. Unless it break the range, there's no confirmation where it will go. So, I'll stick to "Trade what you see, not what you believe."
Reply
freewilly
May 7, 2014 12:22am
Permalink
Quoting freewilly
The price has been trapped between 0.9200-0.9320 since the downfall from April 23. Unless it break the range, there's no confirmation where it will go. So, I'll stick to "Trade what you see, not what you believe."
After the breach of 0.9320, now focus is on upside. As long as 0.9320 holds, AUD is now bullish.
Reply
sam7171
May 6, 2014 12:06am
Permalink
follow trend lol..when up make money n when down also make money...focus on SnR only....
Reply
Deano9999
May 5, 2014 11:39pm
Permalink
Yawn.
Reply
KimKim23
May 6, 2014 2:57am
Permalink
I still see AUD/USD as a medium term buy for the remainder of the year and some of next year up to the 1.3 level, by then the interest rate increase should take place.
Reply
Sacred Cut
May 5, 2014 11:50pm
Permalink
not selling until 0.95
Reply
jw1981
May 5, 2014 11:51pm
Permalink
Buy from 0.91 levels targeting 0.95. Expect RBA to swoop in and talk it down when Aussie goes to 0.95. Some decent money to be made on the leg down and up.
Reply
Didgeridoo
May 6, 2014 1:26am
Permalink
Right now, PA = indecision.

PS. Glenn Stevens looks like something out of Star Trek (the original series).
Reply
StripedCat
May 6, 2014 12:03am
Permalink
Quoting Guest
Still a buy.... I dont care what pattern may be developing, its not even close to development since no trend break occured

It will be a fight between the bulls and bears. The technical patterns are wonderful to trade with and usually hold well, unless the fundamentals are otherwise. I don't believe any of the big funds, who tend to hold longer durations, will be looking to go long AUD at this point. Once the money reverses, your technicals pointing to 0.95/0.96 will get whacked. Good luck if you are holding this on the long side.
Reply
arenoosh
May 6, 2014 12:39am
Permalink
if you confront this statement with the one from last month you will notice that is the same. They changed a few words but are sending the same message as last month. So if you look how AUD/USD reacted last month.....will we see the same reaction this month? http://screencast.com/t/PCjb6ATkPs
Reply
30MinTrader
May 6, 2014 1:01am
Permalink
AUDUSD - From the point of view of the day chart, we are in a bull trend (since 23 March). We have seen a retracement on 1 April setting up the perfect bull flag which activated on the 8 April. We are now in a long sloping bull flag or a head and shoulders. The candle of the 2 May gave an impulse towards the resumption of a bull trend, which, if it follows through, could mean the potential bull flag which started on the 15th April will break out. If it does, you dont want to miss it as it could move 330-350 pips.. (over the next three weeks or so) target 9630
Reply
boon2
May 6, 2014 3:20am
Permalink
Quoting StripedCat
Weak fundamentals. Head and Shoulders pattern developing on 4-hr charts.
Sell AUDUSD....target 0.9050.
Weak fundamentals?

Inflation 2.8%, high end of RBA expectations!

Good luck with ya short, hope you got good RR LOL

Expect rate hike by end of year!

Having said that AU has bear signal on D1, but RR not there yet!
Reply
ozboy
May 5, 2014 11:35pm
Permalink
not gonna sell until 0.96 reached
Reply
wael shami
May 6, 2014 10:30am
Permalink
Quoting skyboys007
Sell Aussie
lol
god help the people who listened to ur advice , they must be devastating right now .
Reply
tuanhung3108
May 5, 2014 11:51pm
Permalink
Quoting ozboy
not gonna sell until 0.96 reached
Agree with ozboy. Invert H&S in Daily chart show at least level 0.96
Reply
PriceIsRight
May 5, 2014 11:34pm
Permalink
I'll stick with my long, but thanks..
Reply
skyboys007
May 5, 2014 11:32pm
Permalink
Sell Aussie
Reply
StripedCat
May 5, 2014 11:40pm
Permalink
Weak fundamentals. Head and Shoulders pattern developing on 4-hr charts.
Sell AUDUSD....target 0.9050.
Reply
Jwc
May 5, 2014 11:46pm
Permalink
Look at COT Index and Weekly chart!!!!

Sell Aussie

Good trading for all!
Reply
Trader#69CB
May 5, 2014 11:52pm
Permalink
Quoting StripedCat
Weak fundamentals. Head and Shoulders pattern developing on 4-hr charts.
Sell AUDUSD....target 0.9050.
Still a buy.... I dont care what pattern may be developing, its not even close to development since no trend break occured
Reply
shallom
May 5, 2014 11:54pm
Permalink
up and down up and down then down
Reply
elgwady
May 5, 2014 11:59pm — Edited
Permalink
market stoped believing news
Reply
shallom
May 6, 2014 12:09am
Permalink
up and down up and down then down till 9268..b4 rolling down..it could be serpentine turn and tumbling
Reply
Trader#6697
May 6, 2014 1:16am
Permalink
Quoting arenoosh
if you confront this statement with the one from last month you will notice that is the same. They changed a few words but are sending the same message as last month. So if you look how AUD/USD reacted last month.....will we see the same reaction this month? http://screencast.com/t/PCjb6ATkPs
That shows that they are exceptionally good at what they do and I mean this seriously. You see central banks need to be about the most conservative institutions one finds anywhere and it is a reflection of how seriously a CB takes its responsibilities if it is careful to indicate change only where there is. This means in part the words of these bankers must always be guarded.

Going up or down price moves up and down - any event occurring in that range of market time can be retrofitted to justify a move. It is a trick magicians use well. So anyone might create panic and or unsettle the markets by playing on the words of a central bank report. They need to be careful.

The market is not user friendly! The Crow
Reply
Trader#69CB
May 5, 2014 11:34pm
Permalink
Quoting skyboys007
Sell Aussie
good luck with that
Reply
Trader#4D85
May 5, 2014 11:36pm
Permalink
Should be a sell but these days, it will be no surprise to see a big rally...
Reply
Trader#C9B9
May 6, 2014 12:35am
Permalink
optimistic policy... aussie is still strong.... but who knows untill it gets 94, 95 top... too strong and it will be selling time..
Reply
Trader#5044
May 6, 2014 1:59am
Permalink
Its inevitible for the aud/usd to be at parity end 2014 even a bit higher possibly. This pair already made its cycle lows
Reply
Trader#1B1A
May 6, 2014 3:56am
Permalink
play it with gbp
Reply

  • Related Stories

There are no posts to display for these settings.
  • Story Stats