Pairs of Currency Pairs 4 replies
Trending Pairs / Ranging Pairs 0 replies
Aussie pairs 9 replies
DislikedI see that consensus is calling for another interest rate raise by RBA today. Anyone care to weigh in on how likely this is to happen, especially given the hike a month ago and the bank's history of gradual changes?Ignored
DislikedThe increase in australian dollar interest rates was nothing but fully predicted by all market players. It is very much priced in. Remember, retail sales news came in weaker aiding in the drop.
However, AUDUSD now looks to be topping very much. Why?
There could be waves of carry trade unwinding. and AUDUSD can't rally in such environments. That's factor number one.
Factor numbers two, US dollar is extremely oversold, so its more vulnerable to a corrective rally (AUDUSD down).
My strategy on AUDUSD will be selling into rallies from now on.
DislikedThese moves make no sense to meIgnored