RBA Cash Rate decision 03/01/2010

Posted by Henry Liu on March 1, 2010 under AUD Interest Rate, Australia, Forex News Trade | 3 Comments to Read

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.

RBA Cash Rate Decision 02/01/10

Posted by Henry Liu on February 1, 2010 under AUD Interest Rate, Australia, Forex News Trade | Be the First to Comment

10:30pm (NY Time) AU RBA Rate Decision     Forecast 4.00%    Previous 3.75%
ACTION: AUD/USD  N/A

Reserve Bank of Australia  (RBA) is going to hike its official cash rate once again to 4.00% as it is widely expected by the majority economists surveyed by both Bloomberg and Reuters.  Majority of economists expected a pause in today’s rate decision back in December of 2009, and many of them had apparently jumped ship and are now on the side of a rate hike… As a matter of fact, there are rumors floating of a possible hike of 1/2 percent instead of the 1/4 percent forecast-ed… 

RBA Cash Rate Decision 11/30/09 (Interest Rate Decision)

Posted by Henry Liu on November 30, 2009 under AUD Interest Rate, Australia, Forex News Trade | 4 Comments to Read

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 Cash Rate Decision 11/02/09

Posted by Henry Liu on November 2, 2009 under AUD Interest Rate, Australia, Forex News Trade | Be the First to Comment

10:30pm (NY Time) AU RBA Rate Decision     Forecast 3.50%    Previous 3.25%
ACTION: AUD/USD         BUY 3.75%    SELL 3.25%

RBA started the rate hike cycle during last rate decision and now analysts believe RBA will likely to hike rates by another 25 basis point to 3.50% today.  Should RBA hike rates by 50 basis point instead of 25, we should see AUD/USD break upwards and possibly retest some resistance areas; however, if RBA decides to keep rates unchanged at the current level, we could see AUD/USD drop below the 0.8800 level.

RBA Cash Rate Decision 10/05/09

Posted by Henry Liu on October 4, 2009 under AUD Interest Rate, Australia, Forex News Trade | 14 Comments to Read

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11:30pm (NY Time) AU RBA Rate Decision     Forecast 3.00%    Previous 3.00%
ACTION: AUD/USD  N/A

Reserve Bank of Australia  (RBA) is likely to keep its official cash rate unchanged once again at 3.00%, as it is widely expected by the majority economists surveyed by both Bloomberg and Reuters.  However, due to the recent optimism in the market and signs of early recovery, RBA is considered as the the next logical central bank to hike interest rate out of G8 countries.

RBA Interest Rate Decision 09/01/09

Posted by Henry Liu on August 31, 2009 under AUD Interest Rate, Australia, Forex News Trade | Read the First Comment

12:30am (NY Time) AU RBA Rate Decision     Forecast 3.00%    Previous 3.00%
ACTION: AUD/USD  N/A

Reserve Bank of Australia  (RBA) is likely to keep its official cash rate unchanged at 3.00% as expected by the majority economists surveyed by both Bloomberg and Reuters.  As a matter of fact, due to the recent optimism in the market and signs of early recovery, the next logical move for RBA in its rate policy is likely to be hiking rates rather than cutting rates.

RBA Interest Rate Decision 08/04/09

Posted by Henry Liu on August 3, 2009 under AUD Interest Rate, Australia, Forex News Trade | 3 Comments to Read

12:30am (NY Time) AU RBA Rate Decision     Forecast 3.00%    Previous 3.00%
ACTION: AUD/USD  N/A

Reserve Bank of Australia will release its interest rate decision today.  Almost 100% of analysts surveyed by bloomberg agree that RBA will keep this rate decision at unchanged verdict, as there are no expectations of further rate cuts at this current moment.

RBA governor will also release a statement along with the rate decision, and the market may react with heavy volatility if his statement is biased toward recovery or prolonged recession.  Prior to the rate decision market has been trading AUD/USD to as high as 0.8460 area, the top of the range of AUD/USD’s 320+ pips of bullish run during the last 4 calendar days.