Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.
Here is the forecast:
7:30pm (NY Time) AU GDP q/q Forecast 1.2% Previous 1.2%
ACTION: AUD/USD BUY 1.5% SELL 0.9%
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.
Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast 1.0% Previous -1.2%
ACTION: AUD/USD BUY 1.3% SELL 0.5%
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD.
Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast -1.0% Previous 0.7%
ACTION: AUD/USD BUY -0.7% SELL -1.3%
RBA (Reserve Bank of Australia) is expected to keep borrowing costs unchanged in November, as 17 of 23 (73%) analysts agree in a survey by Bloomberg… Here’s forecast:
11:30am (NY Time) AU RBA Rate Decision Forecast 4.50% Previous 4.50%
ACTION: AUD/USD BUY 4.75%
The Trade Plan
If RBA hikes rates, we should jump in and buy AUDUSD or other AUD crosses as the expectation for a rate hike is less than 27%. If RBA decides to keep rates unchanged, we should could a sell-off in the AUD as market would have been pricing in this rate hike since Sunday open. We’ll be trading this release using Spike Trade method.
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD. Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast 0.9% Previous 0.5%
ACTION: AUD/USD BUY 1.2% SELL 0.6%
Australia GDP is a quarterly release similar to the U.S. Advanced GDP or the UK Pre-lim release, but usually there is only one release per quarter. Since this is a quarterly release, it is a high impact release that may change the short term trend of AUD. Here is the forecast:
9:30pm (NY Time) AU GDP q/q Forecast 0.6% Previous 0.9%
ACTION: AUD/USD BUY 0.9% SELL 0.3%
7:30pm (NY Time) AU GDP q/q Forecast 0.9% Previous 0.2%
ACTION: AUD/USD BUY 1.2% SELL 0.6%
We’ll be looking for a trading opportunity from the quarterly GDP release today out of Australia, which is expected by analysts expectation from Bloomberg to be at 0.9%. As Australia’s GDP number has maintained on the positive side for the last couple of quarters, this release number will probably not have a trend changing impact on the AUD unless it’s a negative number or flat (0.0%) release.
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8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
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