- Accommodating policy as appropriate to based on outlook assessment.
- Reasonable Chance A$ to decline further once FED hikes (if any).
- Past FALL in A$ to support economy in face of lower terms of trade.
- GDP revised lower to reflect slower population growth.(2-3%-2015/16,2.5-4% 2016/17)
Nihad's Blog
RBA WRAP-UP (Aug 2016:Is it AUSSIE's time??)
A Quick Wrap up of the RBA for future reference:
Trader's Chart: AUDUSD Master Chart (Draft)
===================================================DRAFT=================================================[list][/list]…
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)