AUD Cash Rate 2.25 --> Further Rate cut to 2.00 ??
1)http://www.forex-central.net/forum/v...ic.php?id=1579
UBS sees further rate cut to 2.00 in the next meeting, target at 0.75 for A/U (same target as RBA mentionned)
2)I just read the latest statement on monetary policies from the RBA, page 49:
"the reserve bank board reduced the target rate for the cash rate from 2.50 percent to 2.25 percent at its february meeting. Yields on money market instruments indicate expectations of a further easing in monetary Policy, with rates on overnight indexed swaps (OIS) implying that the cash rate will be lowered to 2 per cent in the months ahead"
VIEW:
Still long-term AUD BEAR
- a fail to cut interest rate to 2.00 in next meetings should create retracement as a rate cut should be priced
- Watch 0.75 A/U level for Scalp long of a few pips
1)http://www.forex-central.net/forum/v...ic.php?id=1579
UBS sees further rate cut to 2.00 in the next meeting, target at 0.75 for A/U (same target as RBA mentionned)
2)I just read the latest statement on monetary policies from the RBA, page 49:
"the reserve bank board reduced the target rate for the cash rate from 2.50 percent to 2.25 percent at its february meeting. Yields on money market instruments indicate expectations of a further easing in monetary Policy, with rates on overnight indexed swaps (OIS) implying that the cash rate will be lowered to 2 per cent in the months ahead"
VIEW:
Still long-term AUD BEAR
- a fail to cut interest rate to 2.00 in next meetings should create retracement as a rate cut should be priced
- Watch 0.75 A/U level for Scalp long of a few pips