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I have made up my mind about the Australian dollar
With a little more than 24 hours to go before the RBA decision of a rate cut or not,
I have started shorting everything Aud,
long Gbp/Aud and Eur/Aud, short Aud/Usd, Aud/Jpy, and Aud/Nzd
The way I see it is this:
there will be a lot of anticipation of a potential rate cut building up,
a lot of traders are expecting a rate cut and there will be bursts of selling and short-panick around
I may close my positions before the announcement if I have ma…
With a little more than 24 hours to go before the RBA decision of a rate cut or not,
I have started shorting everything Aud,
long Gbp/Aud and Eur/Aud, short Aud/Usd, Aud/Jpy, and Aud/Nzd
The way I see it is this:
there will be a lot of anticipation of a potential rate cut building up,
a lot of traders are expecting a rate cut and there will be bursts of selling and short-panick around
I may close my positions before the announcement if I have ma…