RBA. Will They?

RBA. Will They?

From vantagefx.com

Chart of the Day: On RBA day, we have to take a look at the Aussie Dollar. We did AUD/USD in yesterday’s Morning View, so let’s take a look at some of the other AUD crosses. AUD/NZD has been racing towards parity over the last few weeks and got within 20 pips yesterday before buyers came in just above the major psych level. This is an interesting spot heading into the cash rate decision because on the daily price has printed a bit of a doji candle which could add to buying confidence if the RBA decide to hold. On the other side, if the RBA cut, a single daily candle won’t make any difference. AUD/JPY Weekly: ... (full story)

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Apr 6, 2015 11:35pm

Quoting PA is King

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I see a lot of posts on FF saying they won't cut...and yet, 90% of retail traders lose money. Hope you guys don't lose tonight.

Happy Trading

Ignored

I got it right mate called it here yesterday

PA is King

Apr 7, 2015 12:04am

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Quoting newleaf1

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YOU'RE WELCOME.

Ignored

Joined FF Jan 2012, have made 26 posts in 3 years(most of them tonight)...and now you're hot stuff on one call. lol you crack me up. Hehe

Congrats on your call bud, may it be the first of many to come!

Macdon

Apr 6, 2015 9:03pm — Edited

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Quoting PA is King

Disliked

I see a lot of posts on FF saying they won't cut...and yet, 90% of retail traders lose money. Hope you guys don't lose tonight.

Happy Trading

Ignored

Don't you know? We're the 10%. Ahahahaa!!!!

There is a property boom here in AU so if they cut then what? Do we end up like Spain or Ireland? Will our property boom go ka-boom and we end up like the aforementioned countries?

Macdon

Apr 6, 2015 10:10pm

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Quoting Vantage FX

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Split the 'Republic of Sydney' and the housing problem is solved!

Ignored

It is the highest performing, but they all perform better than interest rates and, I believe, better than the average wage increase.

http://www.livingin-australia.com/australian-house-prices/
Australian Cities Average House Prices September 2014
City Average House Price 12 Month Change
Sydney, NSW $750,000 + 14.9 %
Melbourne, Vic $590,000 + 8.5 %
Brisbane, Qld $480,000 + 6.7 %
Adelaide, SA $413,000 + 6.1 %
Perth, WA $538,000 + 3.2 %

Macdon

Apr 6, 2015 11:40pm

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Quoting Vantage FX

Disliked

Thanks for sharing mate, thats interesting stuff. It would definitely be an easier Monetary Policy decision for the RBA if Sydney wasn't there though.

Ignored

Looks like they listened to me or at least read my comments. Hahaha!!! Yeah, that'll be the day, but you never know who lurks in these forums though or indeed who anyone is. Even I use an abbreviated version of my name.

Vantage FX

Apr 6, 2015 8:29pm

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Quoting PA is King

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What's funny is all the articles on FF saying a rate cut is coming...yet, the forecast is for no rate cut. lol

Ignored

You're right, the market is pricing the cut almost entirely in. Take more notice of that than the economists surveyed.

Vantage FX

Apr 6, 2015 8:49pm

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Quoting Guest

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AUD already price in the rate cut, so no matter if there is cut or not aud will move up after news.

Ignored

This is an interesting one. In the past, even when the cut is MOSTLY (not all, as is also the case with this one) priced in, it didn't rally immediately.

Vantage FX

Apr 6, 2015 9:36pm

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Quoting Macdon

Disliked

Don't you know? We're the 10%. Ahahahaa!!!!

Their is a property boom here in AU so if they cut then what? Do we end up like Spain or Ireland? Will our property boom go ka-boom and we end up like the aforementioned countries?

Ignored

Split the 'Republic of Sydney' and the housing problem is solved!

PA is King

Apr 6, 2015 8:27pm

Permalink

What's funny is all the articles on FF saying a rate cut is coming...yet, the forecast is for no rate cut. lol

PA is King

Apr 6, 2015 8:50pm

Permalink

I see a lot of posts on FF saying they won't cut...and yet, 90% of retail traders lose money. Hope you guys don't lose tonight.

Happy Trading

PA is King

Apr 6, 2015 11:36pm

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There you go guys, no rate cut! Hope you enjoy you pips...now the only question is is this just a one time spike or can price finally follow through and get above.7700 again?

Cheers!

PA is King

Apr 6, 2015 11:37pm

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Quoting Aussi

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I got it right mate called it here yesterday

Ignored

Yes you did, nice work.

dghent

Apr 7, 2015 12:51am

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Well, the RBA has done its job, a/u up 115 pts atm, almost 1.5%. That surely is going to stop people buying houses in Sydney.

Vantage FX

Apr 6, 2015 8:23pm

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Who wants to make an early RBA call? Will they or won't they?

Vantage FX

Apr 6, 2015 8:45pm

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Quoting newleaf1

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They will not. Barclays was wrong last time also. They can't get it right.

Ignored

Whatever Barclays says, do the opposite? I like it.

Vantage FX

Apr 6, 2015 10:25pm

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Thanks for sharing mate, thats interesting stuff. It would definitely be an easier Monetary Policy decision for the RBA if Sydney wasn't there though.

newleaf1

Apr 6, 2015 8:44pm

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They will not. Barclays was wrong last time also. They can't get it right.

newleaf1

Apr 6, 2015 9:13pm

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It's like a FED mini series dripping with all the nice forex drama.

newleaf1

Apr 6, 2015 9:14pm

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Yeah Mac, that's why they didn't cut last time.

newleaf1

Apr 6, 2015 11:54pm

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Quoting newleaf1

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They will not. Barclays was wrong last time also. They can't get it right.

Ignored

YOU'RE WELCOME.

Trader#2915

Apr 6, 2015 8:55pm

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Quoting Vantage FX

Disliked

This is an interesting one. In the past, even when the cut is MOSTLY (not all, as is also the case with this one) priced in, it didn't rally immediately.

Ignored

True, so wait for a while after news or make SL big enough.