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. Growth in the global economy is continuing at a moderate pace, helped by firmer conditions in the advanced countries. China's growth slowed a little earlier in the year but remains generally in line with policymakers' objectives. Commodity prices in historical terms remain high, but some of those important to Australia have declined. Financial conditions overall remain very accommodative. Long-term interest rates and risk spreads remain low. Emerging market economies are once again receiving capital inflows. Volatility in many ... (full story)

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Jul 1, 2014 8:36am

Quoting yumartha

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Amazing... will this be to next r on 9530...

Ignored

.9530 is logical, but you do have the pysch level of .9500 first. I'm actually showing .9580-9600 as the next target if it clears .9500.

I'm really happy to see the 4hr Ascending triangle pattern I saw last week did exactly as planned and broke out to the topside. So that is step 1. Not sure how NFP might influence things in a couple days. But technically we should continue higher. Happy Trading!

JollyBean

Jun 30, 2014 11:45pm

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Once again, more or less the same sentiment as the past few statements, perhaps a little less dovish...

"In Australia, recent data indicate somewhat firmer growth around the turn of the year, but this resulted mainly from very strong increases in resource exports as new capacity came on stream; smaller increases in such exports are likely in coming quarters."

If anything, it sounds like conservative reporting, especially if you compare to how members of the FED talk...

i.e. "U.S jobs growth is WAY AHEAD of schedule."

lol

Aussi

Jul 1, 2014 12:01am

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Quoting PA is King

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Time to just let Price Action do the talking.

Ignored

well said

PA is King

Jun 30, 2014 11:52pm

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Time to just let Price Action do the talking.

PA is King

Jul 1, 2014 8:08am

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Classic Leg 1 Leg 2 pattern on Aussie!

yumartha

Jul 1, 2014 9:08am

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Quoting PA is King

Disliked

.9530 is logical, but you do have the pysch level of .9500 first. I'm actually showing .9580-9600 as the next target if it clears .9500.

I'm really happy to see the 4hr Ascending triangle pattern I saw last week did exactly as planned and broke out to the topside. So that is step 1. Not sure how NFP might influence things in a couple days. But technically we should continue higher. Happy Trading!

Ignored

Agree with u about 4h chart, in my view it's forming C&H pattern, and its broke already.. hopefully .9450 become strong support whatever happen with Yellen speak or NFP...