We’ll be lookign to trade the quarterly CPI release out of Australia. As reflected in recent RBA rate statements, Australia is facing rise in inflation, and this number could surprise to the upside. RBA hiked rates last few rate decisions, and with a surprise better than expected release, we could have justification for further rate hike.
This is a preview of Australia CPI q/q 01/26/10. Read More...
Our focus will be on the quarterly CPI release out of Australia. As stated in recent RBA announcements, Australia is facing possible rise in inflation, and this number could surprise to the upside. RBA hiked rates a few weeks ago and surprised the market, this will be the justification for that rate hike. Therefore, If we get a better than expected CPI data, we should see an instant appreciation of AUD by at least of 40 pips within the hour, but if we get a worse than expected number, AUD should drop as traders will be confused over RBA’s decision, and we should expect market to consolidate. Of course, the deviation that I am looking for must be at least 0.3%, or I will skip the trade.
This is a preview of Australia CPI q/q 10/27/09. Read More...
If we get a better than expected CPI data, we should see an instant appreciation of AUD by at least of 35 pips within the hour, but if we get a worse than expected number, AUD should drop about 35 pips or so. I am looking for a deviation of at least 0.3% on the quarterly GDP, or I will skip the trade.
CPI Definition
This is a preview of Australia CPI q/q – Consumer Price Index 07/21/09. Read More...
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