|Date||Tuesday 1st October 2019|
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|
|One minute spike||20 pips|
Setting up procedure
|Main Event||AUD RBA Interest Rate Decision|