RBA (Reserve Bank of Australia) is expected to hold borrowing costs steady for the second consecutive month in July, as a overwhelming 22 analysts unanimously agree as surveyed by Bloomberg…  Here’s forecast:

12:30am (NY Time)  AU RBA Cash Rate Decision     Forecast 4.5%      Previous 4.5%
ACTION: AUD/USD                                  BUY 4.75%          

RBA is going to render its interest rate decision today, and it is a high impact release as all currencies are driven by interest rates.  RBA is expected to pause its rate tightening policy during today’s decision, here is the forecast:

10:30pm (NY Time) AU RBA Rate Decision     Forecast 4.50%    Previous 4.50%
ACTION: AUD/USD         BUY 4.75%           AUD/USD

10:30pm (NY Time) AU RBA Rate Decision     Forecast 4.25%    Previous 4.00%
ACTION: AUD/USD         SELL 4.00%     BUY 4.50%           AUD/USD

Reserve Bank of Australia  (RBA) is going to release its official cash rate decision today and  majority of economistsare expecting a possible split decision with  today’s rate decision following the lagging recent economic indicators despite of a rising in inflation and housing prices.

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.

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… 

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.