AUD RBA Interest Rate Decision - 19-07-02

Date: Tuesday 2nd July 2019

Time: 04:30

The RBA announce their interest rate decision during the Asian session. 18 out of 26 analysts surveyed by Bloomberg expect the RBA to cute rates by 25bps to 1%, while the other eight analysts expect the RBA to remain on hold at 1.25%.

The markets have priced around a 70% probability of a rate cut and therefore we expect the this to be a volatile event.

Last month the markets had fully priced a rate cut, and AUD rallied on the release (though it was short lived).

We see a cut to 1.00% as high risk, and therefore will only be trading this event if the RBA remain on hold.

What happened last time?

AUD RBA Interest Rate Decision – 19-06-04

Time: 04:30

Forecast: 1.25

Actual: 1.25

Deviation: 0

One minute spike: 18 pips

Setting up procedure

Our market of choice: AUD/USD

Main Report

AUD RBA Interest Rate Decision

Deviation: +/-0.05

Prior Forecast Buy Sell
1.25 1.00 >1 <1

As always, make sure you set the auto-click locations, and we advise hitting load on News Trader Pro 60 seconds before the scheduled release time. Good luck!

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