Date | Tuesday 1st October 2019 |
Time | 04:30 |
The RBA announce their interest rate decision during the Asian session. 20 out of 27 analysts surveyed by Bloomberg expect the RBA to cute rates by 25bps to 0.75%, while the other seven analysts expect the RBA to remain on hold at 1%.
The markets show an implied probability of a rate cut this week at 80% and therefore we are only looking to trade if the RBA remain on hold.
What happened last time?
AUD RBA Interest Rate Decision – 19-07-02 | |
Time | 04:30 |
Forecast | 1.00 |
Actual | 1.00 |
Deviation | 0 |
One minute spike | 20 pips |
How we setup
Main Event | AUD RBA Interest Rate Decision |
Market | AUD/USD |
Deviation | +/-0.05 |
Prior | 1.00 |
Forecast | 0.75 |
Triggers |
Buy >0.75 Sell <0.75 |