Fact is no one can predict our RBA rate decision and we have 2 week for rate decision, it good to take to hill and push it from top, it will give good return to big fish, as tiny fish it's better for us to follow big fish than going inside it's mouth
RBA mandated to control inflation not unemployment
Depending on Obama reaction, I think it could stay bullish and hit 4hr trendline at 1.061 and Daily trendline at 1.071. Just waiting for the next dip to go long.
(...and inverse H&S on the 15 min?)
Sorry but no, CPI was not down but steady, 0% means no change to previous month, in fact trimmed mean inflation was up compared to previous month and also higher then expected. Literally no argument for a rate cut while core inflation stays above RBA's tolerance level.
The ASX rallied tho in hopes of February cut, carried by banks who said they won'n necessarily pass a rate cut on the borrowers anyway.
Pretty sure RBA is going to look closely at Europe first before deciding next move, inflation is now of secondary importance.
yes....huhu...since aussie pm already warn about aud strengh!!...
yes they might see the europe first...but steven could make the statement with this cpi as ar catalyst for them..
Government will always cry wolf about a strong currency, see Switzerland and Japan but they can do next to nothing about it long term.
Again, inflation data will not make the RBA cut rates in two weeks, Europe might.
The RBA has shown before to shrug off and withstand pressure from the government, the public and the media and leave rates on hold for most of last year, don't be fooled they'll be excessively cutting rates if Europe gets it's shit together, just because the consumers, the media and the government expect them to.
Even if, AUD/USD...
