RBA (Reserve Bank of Australia) is expected to keep its borrowing costs unchanged at 3.50% as per general market consensus, this is following last meeting’s decision to also keep the rates unchanged…
Here´s the forecast for this news release:
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:
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 | November 5, 2012 | Forex Trading Plan
November 2, 2012 by Leave a Comment