Australia’s RBA cuts rates again this year to 2.0%

(Reuters) – Australia’s central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar. The currency did initially drop after the Reserve Bank of Australia (RBA) trimmed its cash rate a quarter point to a fresh all time trough of 2.0 percent. Yet it soon rallied as investors wondered whether the easing cycle might now be over…

RBA keeps rates on hold amid China’s slowdown, tumbling commodity prices

SYDNEY—Tumbling commodity prices and signs of slowdown in China have reversed bets on the chances of an Australian rate cut next year. As recently as two weeks ago, financial markets were pricing in a negligible chance of interest rates—currently at a record low to help spur a weak economy—moving up or down for at least the next year…

RBA likely to hold rates despite further signs of growth

(Reuters) – Australia’s central bank is almost certain to maintain a neutral policy bias this week with a batch of data likely to point to an economy that is picking up speed, uncomfortable reading for a government preparing voters for a tough federal budget. All 25 economists polled by Reuters expect the Reserve Bank of Australia (RBA)…

Daily Forex Market Review 04/01/14 (+30 pips)

Today’s Trade Result: +30 pips July 2013: +160 pips June 2013: +336 pips May 2013: -50.5 pips April 2013: +851.5 pips March 2013: +327.5 pips February 2013: +127.5 pips January 2013: +1107.5 pips December 2012: +29 pips November 2012: +35.5 pips October 2012: +259.5 pips September 2012: +112.5 pips August 2012: +365.5 pips July 2012: […]

AU RBA Rate Decision Retracement Trade 10/31/11 (200+ pips)

Update: RBA decided to cut rates by 0.25% as expected but it was still a surprise to many traders. Using Henry’s double fibonacci method, we waited for a retracement and entered at 1.0510 level to SELL AUD/USD. Only a few minutes later, AUD/USD dropped, reaching our TP for a quick 30 pips of profit. However, […]

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