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RBA Holds Rates at Record Low

Despite the fact that RBA has left it's main interest rates at record low level aussie has kept on rallying and the main reason is because in current low volatility environment investor who can't make a profit from a barely moving market are chasing yields and AUD/USD has long been one of the favorite currencies for the carry trade.
RBA left the interest rates unchanged at 2.5% and RBA's Stevens said :“The most prudent course is likely to be a period of stability in interest rates,” which c…
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Neu_spir8 avatar

If current 4H candle close below .9335 then am going short, perfect analysis man,all the best.

Daytrader21 avatar

Neu_spir8 I see what you mean with 0.9335 is a strong resistance level which previously has acted as support, a good level

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ANABEVZ 5 aou

good luck!

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Carry Trade Returns

In current low volatility environment (see Figure 1)it's quite hard for investors to pull out some decent profits so the carry trading strategy becomes more attractive as it generate yield. So in this regard if you wish to find more about the carry trade I'll recommend you to read my article: Carry Trade Returns
Figure 1. FX Market Volatility

Here is a quick look on what to expect with my article:
"Historically speaking when it comes to interest rates we are at historic low
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