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RBA Keep Rates on Hold

This week is abundant in big economic reports and figures and last night we just had the first Central Bank announcing its interest rate decision. Despite the market consensus for a 25bp cut, RBA "unexpectedly" disappointed the market and decided to keep the key interest rates on hold at 2.25%.
RBA interest rate decision is an BINARY event that can have only 2 possible outcome:
  1. Either RBA delivers a rate cut.
  2. Or keep rates on hold
in which case we have a non-event. However taking in consideratio…
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Daytrader21 avatar

CommunitySupport Hi, Thanks. I've tweeted it as well.

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Preapearing the Week Ahead


If last week didn't fall behind market expectation an it has produced some impressive moves across the FX market don't expect market activity to cool off, the probability still remains in favor of this trend of higher volatility to persist. The current Central Banks monetary policy divergence across developed economies may play a factor in favor of higher volatility.
  • Europe data:

Despite a lot of data coming from the manufacturing sector, the main event remains the 6 November ECB meeting
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VictoriaVika avatar

Best of luck, friend :)

JuliaBF avatar
JuliaBF 2 Nov

Good luck in a new week)

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Prepering the week ahead


In comparison to last week economics events we should expect for the week ahead some pretty decent action. Although there are no major central bank meeting this week except BOJ Monetary Policy and Interest rates decision we have other data like the CPI which are measuring the inflation and have a threshold target from central bank forward guidance.

Here are the main risk events for this week that you should pay attention:
[list][/list]…
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Metal_Mind avatar

good job bro. Your blog sure helps me in fundamental contest to be always up to date.

Daytrader21 avatar

Thanks buddy, at least I hope you'll win the Fundamental Contest, too bad I don't have to much time left otherwise I'll be all over it:)

Metal_Mind avatar

Thanks buddy. I know. You were the fundamental superstar. You won a dozen prizees.

HOANG_MAI_NHI avatar

Thanks pro

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Preparing the week ahead


Next week there are very important upcoming economic events as major Central Banks from around the world have scheduled interest rate decisions and upgrade their market policy, and on top of that, Friday we have the NFP figures which after last poor figure has become an important risk event as we know that tapering is "data depending" and any soft number may be perceived as a threat to the reduction of the bond buying programe.
Tuesday we have RBA interest rate decision and market expectati…
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