Australia RBA Interest Rate Decision 09/01/09

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12:30am (NY Time) AU RBA Rate Decision Forecast 3.00% Previous 3.00%
ACTION: AUD/USD N/A

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It’s a detailed record of the RBA Reserve Bank Board’s most recent meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

UPDATE: RBA decided to keep rates unchanged and was optimistic over the future, however my initial analysis was correct on the profit taking and correction. Even though I decided to take a small loss on this trade of 3 pips, market eventually moved in the direction of my trade, had I held on to the trade, I would have made over 50+ pips, but since we’ve got many other news coming out, it was best to stay out of the market. Overall analysis was correct, therefore take a moment and listen to it if you’ve got the time.

About Henry Liu

My name is Henry Liu and I am a Forex Trader and Mentor. I help traders achieve consistent income trading Forex while spending less time trading. My focus in trading is a combination of Fundamental Analysis, Technical Analysis, and Market Sentiment. Far too many retail Forex traders concentrate on just one aspect of trading, technical analysis, and ignore everything else; it is my goal (and vision) to educate every trader on how to take advantage of news trading and become more balanced traders.

You can find more information about me on my Google Profile.

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