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.
We´ll be getting the Retail Sales figure from Australia today once again, and if you´ve been following news out of Australia, you´d know that Retail Sales has been a sticky point for Aussie economy and a strong improvement may change the short term trend for the currency. Here´s the forecast:
7:30pm NY Time AU Retail Sales Forecast 0.4% Previous 0.6%
ACTION: AUD/USD BUY 0.9% SELL 0.0%
We´ll be getting the Retail Sales figure from Australia today once again, and if you´ve been following news out of Australia, you´d know that Retail Sales has been a sticky point for Aussie economy and a strong improvement may change the short term trend for the currency. Here´s the forecast:
8:30pm NY Time AU Retail Sales Forecast 0.5% Previous 0.6%
ACTION: AUD/USD BUY 1.0% SELL 0.0%
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.
We´ll be getting the Retail Sales figure from Australia today once again, and if you´ve been following news out of Australia, you´d know that Retail Sales has been a sticky point for Aussie economy and a strong improvement may change the short term trend for the currency. Here´s the forecast:
8:30pm NY Time AU Retail Sales Forecast 0.3% Previous 0.3%
ACTION: AUD/USD BUY 0.7% SELL -0.1%
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%
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:
12:30am (NY Time) AU RBA Rate Decision Forecast 4.75% Previous 4.75%
ACTION: AUD/USD BUY 5.00% / SELL 4.50%
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Upcoming Forex News Calendar For January 16 ~ 20, 2012
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Upcoming Forex News Calendar For January 9 ~ 13, 2012 The first real trading week for the new year in markets started with investors focused on Europe. US and European markets were ... (2270)
Forex News Trading US Advanced GDP 01/27/12 Here is the forecast for the US Advanced GDP q/q :
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2158)
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