Rbarates

AUD/USD Price Outlook – Trade Setup 🌐Macro Background USD Strength & Geopolitics: The US Dollar has rebounded from its post-NFP slump, driven by renewed geopolitical friction between the US and Iran around the Strait of Hormuz. This safe-haven bid is capping immediate upside for AUD/USD. RBA Policy Decision Ahead: Sellers remain cautious ahead of Tuesday's Reserve Bank of Australia (RBA) meeting. Markets widely expect the RBA to keep benchmark interest rates unchanged, leaving traders focused on forward guidance and policy outloo

RBA Poised to Reduce Cash Rate by 25 Basis Points The Reserve Bank of Australia (RBA) will meet this Tuesday and is widely anticipated to deliver its first rate cut in four years amid easing inflationary pressures. I am ‘reasonably’ convinced that the central bank will reduce the Cash Rate this week, a belief based on inflation and growth data that delivered prints south of the RBA’s recent projections (released on 5 November 2024). Following nine consecutive meetings on hold, markets are pricing in a 90% probability that the RBA will reduce

The RBA just made a small (but big) change to their statement The RBA held rates at 4.35% as expected, but there were several changes to their December statement which warrant a closer look. I highlight the key differences to the November statement and provide my interpretation of what it means for the RBA's policy as we head into next year, then look at AUD/USD. MS

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by StoneX Trading

AUDUSD speculative BUY as RBA Interest Rate Decision AUDUSD currently traded in the downtrend movement. As we see in the weekly chart, the downshift movement starts from October as USD move stronger belong to strong economic data followed by investor's optimism of second Trump Presidential era. Tomorrow, 10/12/24 RBA would give us signal about it's interest rate. Consensus is 4,35% and we may anticipate the movement if the actual data shows 4,35%. It may cause the upward shift as technical analyst see the movement already bounced from it's weekly

by vicariuzchrist

GBPAUD | Daily | Trade Idea Ahead of tomorrow’s RBA Interest rate announcement I’ll be looking closely at GBPAUD, as we can see from the current GBPAUD chart from a top-down and a down-up perspective we can take note of the fact that after managing to break out of the downward retracement last month, GBPAUD mamaged to push steadily upward until reaching our 1.94150 area before “losing momentum” forming a consolidation which has lasted for the past few days from the 17th of January till today where it has been steadily trad

EURAUD SHORT SIGNAL BEFORE AUSTRALIAN RATES On the EURAUD currency pair, we have a bearish setup today with the price retracing to the 61% Fibonacci level. This occurs within a fair value gap, confirmed by the M15 and H1 timeframes, and inside a supply zone with volumes in H1 pushing the price down. The target is located in the 1.6163 area. However, the trade carries a certain risk as important economic announcements are expected in Australia tomorrow morning. It would be fantastic if you could share your opinion and leave a like to suppo

by EdgeTradingJourney

AUD/JPY - Can the AUD outperform the JPY?COMMENTARY The AUD seems to be gaining the most against the JPY compared to the following G10 Fx pairs including the NZD, CAD, EUR, and the USD in front of tomorrow's Reserve Bank of Australian (RBA) interest rate decision. High price action across the AUD cross pairs is expected upon tomorrow's RBA rate decision. Current price for the AUD/JPY is above its 40 day moving average (bullish), MACD above its signal line (bullish), rate of change 13 day above its signal line (bullish); upside p

Dip buying on GBPAUD ahead of the RBA rate decision GBPAUD - Intraday - We look to Buy at 1.7580 (stop at 1.7512) Previous resistance at 1.7570 now becomes support. Support could prove difficult to breakdown. We expect a reversal in this move. Dip buying offers good risk/reward. Our profit targets will be 1.7780 and 1.7800 Resistance: 1.7750 / 1.8120 / 1.9100 Support: 1.7570 / 1.7200 / 1.6200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitatio

AUDNZD long AND RBA rate statement Hey traders, in today's trading session we are monitoring AUDNZD for a buying opportunity around 1.10800 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.

RBA and May31 Rate Decision Fundamentals: The RBA in December's meeting was a hawkish stance. This suggests that going forward, their monetary policy will continue to be hawkish. Coupled with that, given the pandemic's effects on the Australian economy, the Australian government's fiscal policy will be at the forefront of their minds in stimulating their economy. This is a two for one punch and should have effects on the Australian currency. Conclusions: We have a country that is forced in a corner to take action by