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RBA WRAP-UP (Aug 2016:Is it AUSSIE's time??)

A Quick Wrap up of the RBA for future reference:
  1. Accommodating policy as appropriate to based on outlook assessment.
  2. Reasonable Chance A$ to decline further once FED hikes (if any).
  3. Past FALL in A$ to support economy in face of lower terms of trade.
  4. GDP revised lower to reflect slower population growth.(2-3%-2015/16,2.5-4% 2016/17)
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Nihad 10 Ago

al_dcdemo From the beginning of September, I will be issuing a monthly reports of Central FX reserves and will call it "Commitments of Centrals", :)). Am not kidding

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Nihad 10 Ago

al_dcdemo I will publish it here in Dukascopy

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Nihad 11 Ago

al_dcdemo The big move came from PBoC hahaahahahah

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Nihad 11 Ago

al_dcdemo Remember the call on the GBPAUD for 2240??, its about time.

al_dcdemo avatar

USD/CHF: Maybe you're right, Franc is still a strong currency. But good ol' fake breakout may not be excluded.
GBP/AUD: I was thinking pullback to ~2.05 now that RBA is less dovish and BOE less hawkish. We'll see what happens after today's PBOC move.
EUR/NZD: Was stopped out, SL too tight. Looking to re-renter.

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Trader's Chart: AUDUSD Master Chart (Draft)

===================================================DRAFT=================================================[list][/list]…
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Options Expiry: DTCC (23 April 2015)

  • Currency: AUD/NZD
  • Market Prize (Now): 1.0050
  • Strike Price: 1.0200
  • Volume: 3 Billions
  • Expiration: 14.00 GMT 23 April 2015
  • Time Left: < 48 Hours.
  • Volume Significance: 100%.
  • Recommended Entry: After the Australian CPI due Today
  • Position Direction: LONG
  • Recommended TP: 1.0175 (Conservative) - 1.0200 (Aggressive)
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Nuki1981 avatar

Nice !!

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