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Looking for a good start to this month

AdamFx42 Przesłąno 1 Sie w #Trader's blog #AUD #Trader Contest #Rba #Interest Rate

I am looking to start off well in the August competition
The trade that I have picked out is selling Aud
I expect a rate cut from the RBA, which might come as a bit of a surprise
The economic data support a cut, but not all banks agree with that
Commentary from Australia support a rate cut tomorrow though
So, I am long EurAud, and short AudChf, and AudJpy
gl all

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Switching to AUD longs

AdamFx42 Przesłąno 3 Lip w #Trader's blog #Rba #Interest Rate #AUD Longs

I am switching to Aud long positions before the weekend close
I am down to about 50K in the competition now
after I lost a lot in Nzd longs - it all went the wrong way for me
I am now switching to Aud longs - small positions now before the weekend close due to margin,
and I will add to them when market opens again
The reason for Aud longs is that the RBA is expected to keep rates on hold next Tuesday

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Buying AUD before the interest rate decision

AdamFx42 Przesłąno 1 Cze w #Trader's blog #AUD #Rba #Interest Rate

I am buying Aud/Usd and Nzd/Usd at these extremely low levels
Aud/Usd because there is the interest decision tomorrow and it is highly unlikely that the RBA cuts again so soon
The decision - to hold the rate - will probably lead to buying,
Nzd/Usd should be supported above 0.7 for now, and I am looking for some kind of bounce here
gl all

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RBA rate decision coming up soon

AdamFx42 Przesłąno 5 Kwi w #Trader's blog #AUD #Rate Decision #Rba #Rate Cut?

The RBA Australian rate decision is due Monday night
Will the bank of Australia decide to cut the rate from 2.25 to 2% on Monday night?
A survey of leading economists suggests that the opinions are split evenly,
about half of them think a rate cut is coming
Among traders, the belief of a rate cut is much higher - 75% believes the RBA will cut
It will be a tough trade to make on Monday night -- 4:30 GMT,
it is probably wiser to stand aside until the decision has fallen and look at the technicals
…

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AdamFx42's Blog

Looking for a good start to this month

Switching to AUD longs

Buying AUD before the interest rate decision

RBA rate decision coming up soon