AUD/USD

Hello traders,
Are there any ways to follow RBA governor speech live?

Opening Statement to House of Representatives Standing Committee on Economics

RBA’s Stevens: Says sees no need to lower rates at this time

More RBA's Gov Stevens headlines

Of course. The have made deal with Japanese. Otherwise, how can they sold bonds to them, 2 month ago Japanese declined AU, but at the end of Jan, Japanese snap up Australia bonds to save AU gov

Hello
I see it's inverse head and shoulder

Too obvious of a trade for it not to skyrocket forward. IDK what the hesitation is.

Japan, China, US make AUD played in 0.85- 0.95 range.

BTW， CAD is significantly undervalued.

scalp a few pips short maybe.... aud usd isn't my usual pair.

CAD undervalued?? You are the first person I have ever seen that talks about valuation for a currency... How exactly do you value a currency?

RBA's Stevens: Says Aud/Usd still high at above 0.90

"our assessment is that inflation is not quite as low as it might have looked six to twelve months ago, but nor is it accelerating to the extent a literal reading of the latest data might suggest. The general situation – 18 months of below-trend growth, a rise in unemployment, a marked slowdown in wages – is not one that would be obviously associated with a sustained rise in price pressures. Our view remains that the outlook for inflation, while a little higher than before, is still consistent with the medium-term target. "

And

"The question then is: will the additional demand likely to be generated outside mining as a result of these trends be just the right amount to offset the large decline in mining investment spending, so keeping the economy near full employment?

No-one can answer that question with great confidence. Moreover, even if it were possible for forecasts to be much more accurate than experience could possibly lead us to hope, it could not be assumed that a shortfall in demand could necessarily be made good in short order by monetary policy. Monetary policy can have a powerful effect on the general environment, but it cannot hope to fine-tune the quarterly or even annual path of aggregate demand."

Looks like RBA will keep things the way they are for a bit.

if only it was that simple.

Very true man. To my surprise I really appreciated that response. The story of our lives really.

Might have a nice trend on our hands hopefully, if it can stay above 0.9030-0.9050.

Im buying the pull backs. Hope NFP is crap

Stevens' summary today from OFT News:

1. Sees no need to lower rates at this time.
2. Estimates that unemployment lags growth by 1 or 2 quarters. Unemployment rate will likely rise a little further yet.
3. Potential growth rate of economy is 3% or a touch more.
4. Says US Federal Reserve is not likely to raise rates until late in 2015
5. Says Aud/Usd still high at above 0.900

LOL poor guy if it was so

We'll definitely see how this unfolds. Either way if NFP comes in good or bad I don't see this pair traveling much further north anyway.

Just went long 3 lots at 0.9084 Come at me bro.

You Disgust me!

NFP is lose-lose for AUD, think about it...

Love it!!!... any chance you can post a chart showing why you went long there bro?