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RBA (Reserve Bank of Australia) is expected to cut the borrowing costs to 4.25%, as per general market consensus…
Here´s the forecast for this news release:
10:30pm (NY Time) AU RBA Rate Decision Forecast 4.25% Previous 4.50%
ACTION: AUD/USD SELL 4.25% / BUY 4.50%
The Trade Plan
If RBA decides to keep rates unchanged, we will BUY AUDUSD as today’s decision is not based on unanimous consensus… If RBA cuts rates, we should also see a possibility to SELL as the market will be equally surprised.
Today´s Retail Sales number from UK will be widely watched as this is a high impact yet very tradable report. Here is the forecast for this release:
4:30am (NY Time) Forecast -0.2% Previous 0.6%
ACTION: GBP/USD BUY 0.3% SELL -0.6%
The Trade Plan
The monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it´s currency; a lower release is considered negative for the economy and not good for it´s currency.
RBA (Reserve Bank of Australia) is expected to keep borrowing costs unchanged at 4.75%, as per general market consensus…
Here´s the forecast for this news release:
11:30pm (NY Time) AU RBA Rate Decision Forecast 4.75% Previous 4.75%
ACTION: AUD/USD SELL 4.50%
The Trade Plan
If RBA decides to keep rates unchanged, we may still see some volatility as the accompanied RBA statement may be market moving in light of recent event; however, if RBA cuts rates, we should jump in and SELL AUDUSD immediately as the market will be in a shock and start dumping the Aussie.
The Bank of Canada (BOC) will announce their rate decision today at 9:00am sharp.
Here´s what analysts expect:
9:00am (NY Time) CA BOC Rate Decision Forecast 1.00% Previous 1.00%
ACTION: USD/CAD BUY 0.75% SELL 1.25%
The Trade Plan
Most analyst agree that the BOC will hold rates at 1.00%. I´ll be trading this release with a 0.25% deviation using Spike Trading method. In the event of a surprise hike it´s almost guaranteed that we´ll see strong market movement immediately after the release.
Today´s Retail Sales number from UK will be widely watched as this is a high impact yet very tradable report. Here is the forecast for this release:
4:30am (NY Time) Forecast 0.0% Previous -0.2%
ACTION: GBP/USD BUY 0.3% SELL -0.5%
The Trade Plan
The monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it´s currency; a lower release is considered negative for the economy and not good for it´s currency.
RBA (Reserve Bank of Australia) is expected to keep borrowing costs unchanged at 4.75%, as per the wide market consensus…
Here´s the forecast for this news release:
11:30pm (NY Time) AU RBA Rate Decision Forecast 4.75% Previous 4.75%
ACTION: AUD/USD BUY 5.00% / SELL 4.50%
Today´s Retail Sales number from UK will be widely watched as this is a high impact yet very tradable report. Here is the forecast for this release:
4:30am (NY Time) Forecast -0.2% Previous 0.2%
ACTION: GBP/USD BUY 0.3% SELL -0.7%
The Trade Plan
The monthly retail sales report is a direct measurement of consumer activities at the retail level. A higher release is generally good for the economy, and better for it´s currency; a lower release is considered negative for the economy and not good for it´s currency.
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