10:30pm (NY Time) AU RBA Rate Decision     Forecast 3.75%    Previous 3.50%
ACTION: AUD/USD  N/A

Reserve Bank of Australia  (RBA) is going to hike its official cash rate once again to 3.75% as it is widely expected by the majority economists surveyed by both Bloomberg and Reuters.  However, this is going to be the first time RBA has hiked rates 3 times consecutively in a row.  Therefore, there is some expectation that RBA may not hike rate this time, but may resume its rate tightening cycle in 2010.

RBA will also release a statement along with the rate decision.  We should expect RBA to announce further rate hikes in the future as Australia’s economy is facing inflationary pressures as it is already out of recession.  I’ll be looking at this release and possible look for areas to sell AUD/USD from the top since AUD might react to a classic SELL on NEWS type of market sentiment.

I’ll also trade this release LIVE in my trade room and I will try to post the videos back as soon as I can.  I’m currently backed up on videos and with the new trade room, I’ve had a tough time running the room and record.  Of course my priority is to guide the room and if I’ll do my best with the video.

Related posts:

1. RBA Cash Rate Decision 02/01/10
2. RBA Cash Rate decision 03/01/2010
3. Forex Trade Plan And Video For RBA Cash Rate Decision 08/03/10
4. RBA Cash Rate Decision 04/06/10
5. Trade Plan For RBA Interest Rate Decision 09/07/10
6. RBA Cash Rate Decision Trading Plan 07/06/10
7. Trading RBA Cash Rate Decision 06/01/10
8. RBA Cash Rate Decision 11/02/09
9. RBA Cash Rate Decision 10/05/09
10. RBA Interest Rate Decision 09/01/09