Fundamental Backdrop
RBA Gov Lowe mentioned "Very Much in Data-Dependent Mode on Interest Rates", "Monetary Policy in Restrictive Territory"
This means that the RBA is closely monitoring economic data and could potentially continue increasing interest rates
CPI y/y also increased from 6.3% to 6.8%, this shows inflation is still on a strong rise which can...
Fundamental Backdrop
RBA Gov Lowe spoke today
He mentioned "Very Much in Data-Dependent Mode on Interest Rates", "
"Monetary Policy in Restrictive Territory"
This means that the RBA is closely monitoring economic data and could potentially continue increasing interest rates
CPI y/y also increased from 6.3% to 6.8%, this shows inflation is still on a strong...
Most of the wise traders knew that the 25bp rate cut probabilities were higher and then finally when the actual day came up it ended up being a cut actually. I don't wanna explain all those stuff which had already been past but for now, we can see good demand in Aussie just to know that fed might have some future rate stimulus probabilities (but that part on next...
There was liquidity run as anticipated yesterday. Price stayed around in that pool and barely got out to make a meaningful trigger for me to Long AUDNZD. As Tokyo opens, we saw price breaks through above Friday's low suggesting it could be time for price expansion after accumulation. Having said that though, there will be risk events in 7 minutes as of i'm writing...
Aiming to support employment growth and to provide economic support RBA cut its cash rate by 25 bps to a low of 1% at the july meeting.
The Australian economy grew below trend at 1.8% this was followed by low consumption and income growth.
while increased investments in infrastructure is providing a pick up in activity in the resources sector.
a pickup in...
A 4-hourly chart shows a potential bear bat setup, at 12.30pm(+8GMT) there will be an Australia Bank Interest and I do see a potential of rates cut.
Coincidence?
I, already have my trade plan, have you?
