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  • Statement by Glenn Stevens, Governor: Monetary Policy Decision

    From rba.gov.au

    At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. Recent information suggests that the global economy is continuing to grow, though at a slightly lower pace than earlier expected. While several advanced economies have recorded improved growth over the past year, conditions have become more difficult for a number of emerging market economies. China's growth rate has continued to moderate. Commodity prices have declined very substantially over the past couple of years. This partly reflects slower growth in demand but also, in some key instances, large increases in supply. The ... (full story)

Same story as usual...
20 Pips a day keeps centerlink away
The global economy is continuing to grow ?
The only thing that is growing is Stevens dementia
Got to keep Aussie dollar high to crush exports and growth
wht ever Glenn Story it may be,after the 7140-7160 reached ,Sellers enter aggressive to start the sell mode to make further low .........
My goodness....why would you all still care what he says?

Just trade the charts...there's no point reading into what he says or what the perceived reaction to his statements might be. Your interpretation or even a group's interpretation cannot possibly measure up to what the rest of the trillion dollar a day market forces might do. Retail traders simply cannot rely on fundamentals, there's too little information that's too little too late to make any consistently reliable & accurate analysis.

If the majority of market participants want the A$ to go up or down, there's nothing any interpretation by any minority can do about it.

Just ride the wave and you'd be happier for it and so will your bank account.
Quoting Daehoth
My goodness....why do you all still care what he says?

Just trade the charts...there's no point reading into what he says or what the perceived reaction to his statements might be. Your interpretation or even a group's interpretation cannot possibly measure up to what the rest of the trillion dollar a day market forces might do. Retail traders simply cannot rely on fundamentals, there's too little information that's too little too late to make close to accurate analysis.

If the majority of market participants want the A$ to go up or down,...

Well said , some times Fundamental drive the market ,over all Technical Ruled the market !
"...If the majority of market participants want the A$ to go up or down, there's nothing any interpretation by any minority can do about it. "

It is not even a matter of "want" but a matter of "Market Forces", which some call "Demand & Supply". I've come to the same conclusion as you @Deahoth.

I even bought into the conspiracy of so-called "Smart Money" but after reading that Deutsche Bank, the controller of 25% of Forex Market are debasing their fx department and sacking workers. I quickly realised there is no truth in it. They just use these phrases to confuse the gullible, because in truth they do have bad trades just as anyone of us!
Precisely.

Take a moment to think for a second. All these articles we read, all these articles being posted by fxdaXXXXXX.com..etc etc (they shall not be named). Is it fathomable that they're writing and doing all these analyses out of the goodness of their own heart?

In a world pretty much run by machines in this digital age, these online mediums are their most powerful tools, tools to further no one's agenda but their own. Most have become expertly skilled in churning out seemingly logical analysis, but the subtle subliminal messages are there, however faint. And they bank on the gullible to give in to emotions, fear and uncertainty. Before traders even realise that they're being manipulated, the authors of such articles or the ones who bankrolled them are already laughing their way to the Ferrari showroom.

That's why I read these articles mostly for laughs and giggles. Good to know, but they never factor into my trade decisions...ever.
Quoting lasty
The global economy is continuing to grow ?
The only thing that is growing is Stevens dementia
lmao, you Sir are correct.
[quote=Daehoth;8785247]Precisely.


"Take a moment to think for a second....
In a world pretty much run by machines in this digital age...

That's why I read these articles mostly for laughs and giggles. Good to know, but they never factor into my trade decisions...ever."

Excellent points guys... techs paint the big picture.
I get exercise just pushing my luck
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