AUD/USD

It was a JPY report, and it was bad. So it will be bad for JPY currency. If you click on the detail icon in the report column it will give you a detailed explanation about it

The recent sharp increase in Yen volatility isn't neccesarily truly reflected within those colored tab impact indicators - the system hasn't caught up with the markets freshly found appetite for Yen data/volatility .
As for the Yen strenghtening on the news , the adjustment from the emergency measures taken by the BoJ after the March 11 earthquake last year may have left the market open to differing interparations .

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The likelihood of cut in rates is tighter than you might neccesarily of thought ;

http://www.asx.com.au/sfe/targetratetracker.htm

With the imminent release of Retail Sales Data for March about to released , a reading lower than the forecasted + 0.2 might be the cataylist for The Reserve to act .

Retail sales can't be good. Let's see if we have a small dip here..

Any thoughts?

Retail sales comes in as forecasted at 0.2%, lower than 0.3% last month. I don't think this says anything useful really.

Was long from 28 but closed +10, too slow and who knows with the rate announcement ahead.

I reckon we will get a cut in interest rates in 15...

I doubt we get a cut in interest rates this time, may be in april/may.

I think this will be a bearish trigger though.

MOnetary policy makes everything so exciting, A few suckered long, then stopped out I'd guess.

Also, it seems that fading the initial spike in any news release is just about the most sure fire way to make money... Still too scared to do it myself though

Statement by Glenn Stevens, Governor: Monetary Policy Decision

At its meeting today, the Board decided to leave the cash rate unchanged at 4.25 per cent.
Recent information is consistent with the expectation that the world economy will grow at a below-trend pace this year, but does not suggest that a deep downturn is occurring. Several countries in Europe will record very weak outcomes, but the US economy is continuing a moderate expansion. Growth in China has moderated, as was intended, and is likely to remain at a more measured and sustainable pace in the future. Conditions around other parts of Asia softened in 2011, partly due to natural disasters, but are not showing signs of further deterioration. Some moderation in inflation has allowed policymakers in the region to ease monetary policies somewhat. Commodity prices declined for a few months last year and are noticeably off their peaks, but have been relatively stable for a while now, at quite high levels. Australia’s terms of trade have peaked, though they remain high.
Financial market sentiment has generally continued to improve in recent weeks and capital markets are supplying funding to corporations and well-rated banks. At the margin, wholesale funding costs are tending to decline, though they remain higher, relative to benchmark rates, than in mid 2011. But the task of putting European banks and sovereigns onto a sound footing for the longer term remains large and Europe will remain a potential source of adverse shocks for some time yet.
In Australia, growth in domestic demand ran at its fastest for four years in 2011, driven by private spending. Nonetheless the balance of recent information suggests that output growth was somewhat below trend over the year. There are differences in performance between sectors, and considerable structural change is occurring. Labour market conditions softened during 2011, though the rate of unemployment has been little changed for some time.
Interest rates for borrowers remain close to their medium-term average. Credit growth remains modest. Housing prices have shown some signs of stabilising recently, after having declined for most of 2011, but generally the housing market remains soft. The exchange rate has remained high over recent months, even though the terms of trade have declined somewhat.
In underlying terms, inflation was around 2½ per cent in 2011. CPI inflation was higher than that but will fall over the next quarter or two. It is currently expected that inflation will be in the 2–3 per cent range over the coming one to two years. This forecast abstracts from the effects of the carbon price and also embodies an assumption that productivity growth in the economy increases somewhat as a result of the structural change now occurring. At its next meeting, the Board will have the opportunity to reassess the outlook for inflation, taking into account not only data on demand and output but also forthcoming information on prices.
The Board eased monetary policy late in 2011. Since then, its judgement has been that, with growth expected to be close to trend, inflation close to target and lending rates close to average, the setting of monetary policy was appropriate. The Board's view was also that, were demand conditions to weaken materially, the inflation outlook would provide scope for easier monetary policy. At today's meeting, the Board judged the pace of output growth to be somewhat lower than earlier estimated, but also thought it prudent to see forthcoming key data on prices to reassess its outlook for inflation, before considering a further step to ease monetary policy.

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Dovish is my reading of the same. I have underlined the terms which lead me to be dovish.

up or down?

23 Positive trades in a row!
Anyone got a better track record?

http://www.forexfactory.com/fx-rocket#02-list

Short 1.0398, Sl 1.0438, Tp 1.0258

Ouch, that is going to hurt!

What a great performance.keeps it up
would you like to share your strategy...!

You might have just jynxd yourself

Yeah maybee, you can never tell in this game.
All I know is that I have been VERY lucky lately!

Well Done