10:30pm (NY Time) AU RBA Rate Decision Forecast 4.00% Previous 3.75%
ACTION: AUD/USD SELL 3.75% AUD/USD
Reserve Bank of Australia (RBA) is going to release its official cash rate decision today and Majority of economists expected a pause in today’s rate decision following the surprise pause last rate decision.
There are some speculation that RBA may resume its rate tightening policy, although the majority still feels that an unchanged verdict is more likely as the economy has not changed much since last rate decision back in Feb. 1, 2010. However, this may give us a possible pre-buying sentiment as speculators may be looking to buy AUD with hopes for a possible surprise… should RBA leave rates unchanged, we could see an immediate “buy on rumor and sell on news” reaction as the market sell off AUD immediately minutes after the release.
Since RBA will also release a statement along with the rate decision. I’ll be watch closely before jumping into the market.
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.
Related posts:
- RBA Cash Rate Decision 02/01/10
- Trading RBA Cash Rate Decision 06/01/10
- RBA Cash Rate Decision 04/06/10
- Forex Trade Plan And Video For RBA Cash Rate Decision 08/03/10
- RBA Cash Rate Decision 11/30/09 (Interest Rate Decision)
- RBA Cash Rate Decision Trading Plan 07/06/10
- Forex Trading Strategy on RBA Interest Rate Decision 10/04/10
- Forex Strategy For AU RBA Interest Rate Decision 08/01/11
- Forex News Trading Australia RBA Interest Rate Decision 12/06/10
- Trade Plan For RBA Interest Rate Decision 09/07/10
{ 3 comments… read them below or add one }
CORRECTION!
Where u get the forecast for this RBA rate decision is 3.75%???
I checked in forexfactory, it shows forecast 4.00%
Where u get the forecast for this RBA rate decision is 4.00%???
I checked in forexfactory, it shows forecast 4.00%
it was at 3.75% last time I checked, from Forexfactory as well… I guess they decided to revise their forecast.