Australia Cash Rate November 2 2021

Page 1 of 1
  1. 239

    What does the data mean to the market?

    Reserve Bank of Australia (RBA) board members come to a consensus on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

    A higher than expected rate is positive/bullish for the AUD, while a lower than expected rate is negative/bearish for the AUD.

    Historic deviations and their outcome

    March 3 2020 A Shock cut to the rate of 0.25% from the forecast 0.50% however as the world was going into meltdown from the global pandemic it's no surprise this was mainly ignored by the markets.

    Check out the price action here

    I will use forecasts of:

    Interest Rate Statement 0.10

    Today's trade plan

    I will trade from a 0.25% deviation from the forecast, as no change is expected I will be holding for some time.

    Tradable pairs


    Hope this helps but please do your own analysis!!

    Good luck!!

    James Thatcher

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Your browser is too old for TopStocks and not secure. Please update your browser