The cash rate is not expected to change, and the accompanying statement could indicate continual growth for the economy in 2018. Overall, it is likely to be positive news. But with less global risks now, we could see a short uptick in the AUDUSD, before it turns back down to test the recent lows.
Tomorrow morning, we have the RBA decision on the Australian cash rate (interest rate) with expectation for rates to be kept on hold. We’ll look towards the sentiment of the accompanying statement. In previous statements, the RBA had signaled an intention to increase rates in 2018, but current expections have become more dovish, with rates likely to be held...
FX:AUDNZD Someone called me 'dramatic' I just love it! Let's keep having fun while 'banking' a more dimmes (Ocean Thirteen). Sure, going back to the idea. 1)Last year, between January and April this cross appreciate 660-pips from the low in Jan. 1.0323 handle to the high in March 1.1017 handle. 2)What if it continues, after all, RBA seems to be eager to move...
Hedge funds estimates are all over the board, from 67 cents to 86 cents. Some of those Hedge funds were kind enough to supply us with an explanation of their speculation on the value of the Aussie, here are some of their scenarios: • Aussie will be traded below 70 cents by mid-2018, if the nation’s bonds will falls below that of U.S. Treasuries. • The Aussie is...
The rationale for this trade is to take advantage of the vanishing Australian Yield spread, the slowing growth, the expectancy of holding the interest rates by the RBA tomorrow.. thats my bearish rational for the Australian Dollar. My bullish rationale for the USD is ofcourse the tax reform news. Risk for this trade to be nullified (for the dollar) is as...
we have a decent intra day short opportunity to start week. RBA minutes could be the catalyst the market needs to complete the daily bullish shark harmonic at .7505
After an impulsive bullish move on 19th October, price has been developing correctively, and has hit the minimum target for a decent retracement between 50% and 61.8%. As long as price remains above the structural trend line, we remain bullish on AUDNZD and can potentially target 1.1332 area. We are having the RBA and RBNZ Rate Statement this week which might...
AUDUSD Short after Entering 61.8 Fib Region. Looking to Extend Past Extension Levels to The Weekly Support AFter Breaking Monthly. Price is currently Sitting On Monthly Support
A clean break and retest of the TL after market struggled to hold above the .8000 quarter point could see the market move back towards the .7800 lvl
This morning as the beginning of Asia session you can see that the market bid up AUD prepping for a good Trade Balance Data. This is kinda hit and miss historically, I just did a quick statistics analysis to data release since end of 2013 and the missed forecast currently at 49%. Not very encouraging for a certain bet. The price action up until the announcement...
there is a probability of the beginning of growth in the pair GBPAUD - bullish daily RSI divergence - level 1,6170 - RBA has dovish stance (Australian dollar remains quite overvalued) or neutral monetary policy (not hawkish) - GBPNZD up trend I will watch the price and follow it after the RBA meeting
Today AUDUSD has risen since morning anticipating good Caixin data. The better than expected release pushed price even further and gives people who trade into the news chances to take profit. The subsequent drop of can be a combination of taking profit and also market pricing in a Dovish RBA statement due soon. Also according to IG Sentiment statistic, retail...
Based on the trend formation on that this pair has been on, It has broken the monthly consolidation level and trend line, this pair might be heading for a good long trade but before then expect a retracement. I will enter the trade when the price comes down to the level and ride to the first zone as indicated. However, if price breaks the minor resistance level...
Following up from our latest post on AUDUSD, we got the first impulse move up after price met the minimum target area around 0.7827 on the lower timeframe. Our bias still remains to the upside, and we are now looking for opportunities to scale in, increasing our profit potential, yet at the same time reducing our risk. *These posts are meant to be educational,...
$AUDUSD took ages, but finally confirmed the monthly rally we were anticipating. I already rode it up from the bottom practically, but took profits today at 0.8040. I will try to rejoin this once we get a short term entry signal or if we hit monthly support below. For now, I'll wait and watch. The good thing is this is a big monthly trend and the target is...
With RBA tomorrow Audnzd seems to have retraced all of its earlier losses from Asian trading. Selling here AT 1.0657 with a 30 pip stop makes a good RR before RBA tomorrow.They are definitely not going to be pleased with aussie strength tomorrow.
The Aussie has been rallying strongly since the last RBA Rate Statement, and coupled with the weakness on the US Dollar, the AUDUSD has gained more than 6% in the last 30 days. As often stated in the RBA Rate Statement, rising Aussie will complicate the economic transition. Given the RBA is meeting this week, will they send out a dovish tone to push the Aussie...
I think AUDUSD is ready to move, I booked a short term long, so my long here is risk free if stopped. We can enter at market, and add on dips, just don't buy your full position in one go. Target on chart, stop at 0.7582. Best of luck, Ivan Labrie.