Australian Interest Rates


Fx News Spike Signals by Crazy Cat, 2019/04/01

Release Time: 23:30 New York time (EST)
Primary currency pair: AUD/USD
Forecast: 1.50
Prior: 1.50
LT1 (Lower Trigger 1): -0.25 [SELL] (means 0.25 cut)
UT1 (Upper Trigger 1): +0.25 [BUY] (means 0.25 hike)
Safety: 1

There are 33 estimates, and one economist expect a cut from 1.50% to 1.25% while 32 economists expect no change this time. Therefore, the median estimate is 1.50% and the average estimate is 1.49%. One standard deviation is 0.04%.

If there is a cut from 1.50% to 1.25% ( -0.25 deviation in this case), AUD/USD should go down by a lot, possibly 80+ pips.

If there is no change in interest rates (0.00 deviation in this case), it's a no trade for sure. The market mostly expects no change this month.

Of course, if they hike the rates to 1.75% or higher (+0.25 deviation), it would be a good buy signal on AUD/USD but it's unlikely to happen.

As always with the interest rates, be careful and do not overtrade it. Usually, interest rates are released on time.

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