***************
UPDATE:
________
It seems that about 60% of economists surveyed by Bloomberg expects Australian C.B. to raise the rates. But that also means that 40% of them don't expect Australian to raise the rates. That means we have a sure trade here.
If they do, in fact, raise the rates to 4.25% or even higher, AUD/USD would go up by 70 pips or even more.
If they do not raise the rates so the rates will stay at 4.00 level, AUD/USD would go down by 70 pips or even more.
If you use autoclick software, such as Fast Economic News, then it is a buy signal on 0.00 or +0.25 deviation (because 4.25 is expected) and it is a sell signal on -0.25 deviation (because it is expected it will be 4.25 but it was 4.00).
Keep in mind that historically it was very hard to get a fill on the Australian Interest Rate report but we will see....
More info here: http://www.smh.com.au/business/close-call-tipped-for-rba-rate-decision-20100406-rnyo.html
Please keep in mind that those estimates may still change as we get closer to the release. Also, after the release there might be a commentary released that may significantly affect the price action.
***************
Hi there
This is Crazy Cat with a potentially profitable trading opportunity...
Tuesday, April 06th (00:30 New York Time) AUSTRALIA
We have Australian interest rate statement coming out. It is expected they raise the rates from 4.00 to 4.25%.
I recommend trading AUD/USD for this report.
Please read what this indicator means and how it affects the AUD/USD by going to this link: https://www.forexpeacearmy.com/fore.../7334-australian-interest-rate-statement.html
The trigger for this indicator is 0.25. If it comes out at 4.00% or lower, AUD/USD will probably go down by 70 pips or more in the first 45 minutes of the report. If they raise the rates to 4.50% (highly unlikely), AUD/USD should go up by at least 70 pips.
I might revise this signal as we get closer to the report. The key here is how many economists expects them to hike the rates and how many expects them to keep the rates at the same level. Those numbers very often change as we get closer to the report. For example, sometimes when there is 40/60% or 50/50% chance for a rate hike or no hike, either signal is tradable.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...atement-after-spike-retracement-strategy.html
For example: on February 1st, Australian interest rate came out at 3.75, versus an expectation of 4.00. AUD/USD went down by around 130 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for AUD Interest Rate Statement
I hope you make some money on this report.
-Crazy Cat
UPDATE:
________
It seems that about 60% of economists surveyed by Bloomberg expects Australian C.B. to raise the rates. But that also means that 40% of them don't expect Australian to raise the rates. That means we have a sure trade here.
If they do, in fact, raise the rates to 4.25% or even higher, AUD/USD would go up by 70 pips or even more.
If they do not raise the rates so the rates will stay at 4.00 level, AUD/USD would go down by 70 pips or even more.
If you use autoclick software, such as Fast Economic News, then it is a buy signal on 0.00 or +0.25 deviation (because 4.25 is expected) and it is a sell signal on -0.25 deviation (because it is expected it will be 4.25 but it was 4.00).
Keep in mind that historically it was very hard to get a fill on the Australian Interest Rate report but we will see....
More info here: http://www.smh.com.au/business/close-call-tipped-for-rba-rate-decision-20100406-rnyo.html
Please keep in mind that those estimates may still change as we get closer to the release. Also, after the release there might be a commentary released that may significantly affect the price action.
***************
Hi there
This is Crazy Cat with a potentially profitable trading opportunity...
Tuesday, April 06th (00:30 New York Time) AUSTRALIA
We have Australian interest rate statement coming out. It is expected they raise the rates from 4.00 to 4.25%.
I recommend trading AUD/USD for this report.
Please read what this indicator means and how it affects the AUD/USD by going to this link: https://www.forexpeacearmy.com/fore.../7334-australian-interest-rate-statement.html
The trigger for this indicator is 0.25. If it comes out at 4.00% or lower, AUD/USD will probably go down by 70 pips or more in the first 45 minutes of the report. If they raise the rates to 4.50% (highly unlikely), AUD/USD should go up by at least 70 pips.
I might revise this signal as we get closer to the report. The key here is how many economists expects them to hike the rates and how many expects them to keep the rates at the same level. Those numbers very often change as we get closer to the report. For example, sometimes when there is 40/60% or 50/50% chance for a rate hike or no hike, either signal is tradable.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...atement-after-spike-retracement-strategy.html
For example: on February 1st, Australian interest rate came out at 3.75, versus an expectation of 4.00. AUD/USD went down by around 130 pips. See for yourself what happened on this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for AUD Interest Rate Statement
I hope you make some money on this report.
-Crazy Cat
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