AU RBA Interest Rate Decision today is expected to remain unchanged yet again as current economic data out of Australia really does not support rate change at this time and with AUD exchange rates remain strong, there is very little inflationary pressure for RBA to act…
Here´s the forecast for this news release:
12:30am (NY Time) AU RBA Interest Rate Decision Forecast 2.50% Previous 2.50%
The Trade Plan
Important Note: The only time I´d recommend a spike trade is when there are so much momentum pushing this currency that regardless of spread and slippage, you should end up in profit if you just hold on to the trade. For more information on my trading methods, read: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend to use the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: AUDUSD.
AU RBA Interest Rate Decision | September 2, 2014 | Currency Trading News
September 1, 2014 by Leave a Comment