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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 1.75 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. China's growth rate has moderated further, though recent actions by Chinese policymakers are supporting the near-term outlook. Commodity prices are above recent lows, but this follows very substantial declines over the past couple of years. Australia's terms of trade remain much lower than they ... (full story)

buy like no tomorrow friends
Invest in alarm clocks
Very neutral statement. No indication of a potential easing bias which suggests that 0.76 a possibility. Very mixed signals on the AUD at present so tight stops and short timeframes preferred.
  •  Guest
  • | IP XXX.XXX.57.66
i dont see any reason to buy AUD. Its already at higher level and should fall till .73
Stevens has no balls!!
He should have cut and been ahead of the curve, but NO! He thinks that Australia is doing fine. He has a salary of +A$350k and is living comfortably but the majority of Australians are earning a lot less and are struggling. We need to get the aussie dollar a lot lower, say 66c to help our exports. Where does he get his brains from??
Im long a/u now
  •  Guest
  • | IP XXX.XXX.188.47
Quoting Tony112
buy like no tomorrow friends
What are you smoking bro... Gotta have some of it.. dovish written all over
Pretty subdued report. Nothing really positive or negative.

But when looking at the AUD vs quite a few other currencies, one may consider it getting undervalued.
  •  Guest
  • | IP XXX.XXX.173.219
sell like no tomorrow family
Quoting Guest
What are you smoking bro... Gotta have some of it.. dovish written all over

It says they saw some "bigger gators" round the parks and stuff
pffff ... o o 0 O O
Invest in alarm clocks
short trade balance 's bad
next month with perfect RBA must cut rate more to 1.5
All my analysis is based on Wyckoff Methods
When in doubt, just stay out....

AUD has been retracing to the upside since the Brexit Vote...It's easy to make a case to go Long or Short, but there's plenty of time to make the right decision guys...

0.76000 is a Major Key Level, and if the Market has no interest to retest it one more time, this pair is clearly going down....

Now, Forget about the News or the retracement. The big questions is what is the current market sentiment right now on AUD? And for how long it's going to stay that way?
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
Quoting Tony112
buy like no tomorrow friends
How much are you buying if at all you are??
Quoting dghent
Stevens has no balls!!
He should have cut and been ahead of the curve, but NO! He thinks that Australia is doing fine. He has a salary of +A$350k and is living comfortably but the majority of Australians are earning a lot less and are struggling. We need to get the aussie dollar a lot lower, say 66c to help our exports. Where does he get his brains from??
Im long a/u now
Try the million dollar man.
http://www.smh.com.au/business/reserve-boss-may-be-the-last-1m-man-20110915-1kbx7.html

There waiting on the CPI read before the next move.
Quoting Tony112
buy like no tomorrow friends
HAHAHAHA comedian
20 Pips a day keeps centerlink away
  •  Guest
  • | IP XX.XXX.1.248
RBA is confident the AUD is heading down.. no need for a cut.
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  •  Guest
  • | IP X.XXX.195.196
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