RBA Statement on Monetary Policy

RBA Statement on Monetary Policy

From rba.gov.au

As has been the case for some years now, growth of Australia’s major trading partners remains close to its long-run average, notwithstanding a slight easing in the June quarter. Growth of global industrial production has moderated over the past year or so, which has contributed to lower commodity prices, although the strength of commodity supply has also been a significant factor. In most of Australia’s trading partners, core inflation has been stable in year-ended terms over recent months at rates below central bank targets. Globally, monetary conditions remain very accommodative and finance remains readily ... (full story)

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Aug 6, 2015 8:50pm

Quoting PaulDaemon

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was in and out already who knows where it will go next.

Ignored

if it stay below or reched 2.09100 then its downside for hours i guess, well we trying but who knows!! lets get som money out of it and be carfull good luck again
keep an eye on H4

jegas

Aug 6, 2015 8:38pm

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Quoting PipsCrapper

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So you have just finished reading the text within seconds and made meaning out of it to recommend selling AUD?

Ignored

Usually Monetary Policy Statements are late pick up( Slow Reaction),some times it may react just opposite of the current trend,Better Wait & See then Enter.

Deano9999

Aug 6, 2015 10:06pm

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Forget the statement, its just noise and makes no difference to the technicals over the medium term.

The AUDUSD is sitting right on top of the 20 day EMA, which it can't break and hold above. This is not a bad level (0.7380) to fade, with a stop above the 50 day ema at 0.7480 or if you're looking for less risk then place a stop above the 4 hour 200ema around 0.7435 which will be strong resistance.

BUT think hard about tonight's US NFP - trading within this whirlpool is very tough, so if it spikes up after 10.30pm (AEST), then definitely fade it with a stop above 0.75, target over the next week at 0.7250.

rafat habeb

Aug 6, 2015 8:42pm

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Quoting PaulDaemon

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Im selling
Selling GBP/AUD hahaha

Ignored

good choice ,good luck mate

rafat habeb

Aug 6, 2015 8:46pm

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i would say be careful about these kind of news and remember that's the Trend is your friend so keep up with trend and try to stay away during news (unless your equity can handel it) good luck all

rafat habeb

Aug 6, 2015 8:47pm

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Quoting Yossuan

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its time to push AUD/USD above to 0,74xx

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since aud got along run tormorow morning uk time, so yes i guess you right mate

frx_trader

Aug 6, 2015 9:13pm

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There is little room for USD to advance. Therefore, I think it will go up. Not because of this statement. But because USD is stalling.

Aug 6, 2015 8:32pm

Sell AUD

Aug 6, 2015 8:36pm

investor already sell it 3 days ago, now it is the time for close the short position

17607

Aug 6, 2015 8:40pm

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Quoting upasna

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Sell AUD

Ignored

sell and keep on selling till your trouser pockets burst and something oozing out!

suetombo

Aug 7, 2015 8:24am

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buy AUDUSD TP @ 1.1000

mobben2009

Aug 6, 2015 9:04pm

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I'm not quite understand with the report. But I assume the report is hawkish looking at the chart. Need to learn more on fundamental thingy

jsshuai

Aug 6, 2015 9:02pm

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looks strong to the upside.

PipsCrapper

Aug 6, 2015 9:05pm

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Quoting schoolsony

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AU fail to hold .74 and change the trends several times may be this time also and m selling from .7370 .
Wish me good Luck mate !!!

Ignored

Seriously Good Luck Buddy. Safe Selling but Watch Your Back

mugwort

Aug 6, 2015 9:15pm

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Quoting lav1e

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can anyone please explain why AUD is moving north but NZD is standing still?

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No, but a clue may lie in the downtrend line established on the
AUDNZD daily from the July high at 1.1428. It's testing the AUD's move up off the March/April double bottom. First retest failed. Will this one? always manage your risk, not your crystal ball.

PaulDaemon

Aug 6, 2015 10:38pm

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Quoting Deano9999

Disliked

Forget the statement, its just noise and makes no difference to the technicals over the medium term.

The AUDUSD is sitting right on top of the 20 day EMA, which it can't break and hold above. This is not a bad level (0.7380) to fade, with a stop above the 50 day ema at 0.7480 or if you're looking for less risk then place a stop above the 4 hour 200ema around 0.7435 which will be strong resistance.

BUT think hard about tonight's US NFP - trading within this whirlpool is very tough, so if it spikes up after 10.30pm (AEST), then definitely fade...

Ignored

Also looks like cant get past .73795 resistant level.

kangiwa

Aug 6, 2015 11:38pm

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The statement says "It is also possible that there will be a further appreciation of the US dollar, including against the Australian dollar and other currencies in Asia.
A depreciation of the Australian dollar would be expected to support demand for Australian production and add to inflationary pressures for a time through higher import prices. Historical relationships suggest that a 10 per cent depreciation in the Australian dollar (that is not associated with a decline in commodity prices) would be expected to increase output by 1⁄2–1 per cent over a period of two years or so. Year-ended inflation would be high" it mean AUDUSD is adjusting for further down trend!

Yossuan

Aug 6, 2015 8:44pm

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its time to push AUD/USD above to 0,74xx

DemoGuru

Aug 6, 2015 8:37pm

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Quoting banana9009

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investor already sell it 3 days ago, now it is the time for close the short position

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LOOOOOOL

PipsCrapper

Aug 6, 2015 8:34pm — Edited

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Quoting upasna

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Sell AUD

Ignored

So you have just finished reading the text within seconds and made meaning out of it to recommend selling AUD?

GoodLuck To You

PaulDaemon

Aug 6, 2015 8:37pm

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Im selling
Selling GBP/AUD hahaha

anytime1991

Aug 6, 2015 8:41pm

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see chart and decide simple

lav1e

Aug 6, 2015 8:43pm

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can anyone please explain why AUD is moving north but NZD is standing still?

PaulDaemon

Aug 6, 2015 8:43pm

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Quoting anytime1991

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see chart and decide simple

Ignored

Thats my strategy.
easy way to pick up 20 pips or so.

PaulDaemon

Aug 6, 2015 8:44pm

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Quoting rafat habeb

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good choice ,good luck mate

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was in and out already who knows where it will go next.

schoolsony

Aug 6, 2015 8:53pm

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AU fail to hold .74 and change the trends several times may be this time also and m selling from .7370 .
Wish me good Luck mate !!!

PipsCrapper

Aug 6, 2015 8:56pm

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Quoting 17607

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sell and keep on selling till your trouser pockets burst and something oozing out!

Ignored

LoL

05renegade

Aug 6, 2015 9:01pm

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If are looking for any logic trading AUD, good luck with that, in fact that applies to forex period. Bad news, good news, whatever the news, the charts go where ever the go, its crazy.

abbakano

Aug 6, 2015 9:20pm

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Both the charts and the news did not portray selling mood, so selling temptation filled the room?

PaulDaemon

Aug 7, 2015 12:17am

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I agree, aud will fall into .60's. D1, w1, mn, all in down trend heading for .69000.

Its just another bullshit news event to grab a few pips .

Play it right, play it safe, and many pips to all.