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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%
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:
9:30pm NY Time AU Retail Sales Forecast 0.3% Previous -0.1%
ACTION: AUD/USD BUY 0.8% SELL -0.2%
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:
9:30pm NY Time AU Retail Sales Forecast 0.4% Previous -0.6%
ACTION: AUD/USD BUY 0.9% SELL -0.1%
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