Australian Interest Rates


Fx News Spike Signals by Crazy Cat, 2018/12/03

Release Time: 22:30 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 30 estimates, and all 30 economists expect no change this time. Therefore, the median estimate is 1.50% and the average estimate is 1.50%. One standard deviation is 0.0%.

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 60+ pips.

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

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.

Unfortunately, since everyone expects no change this time, most likely it will be a no trade. You may skip this event if you don't have time to be around your computer during this announcement. The main reason why I mention about this report this month is to let you know I didn't forget about it but this month probably it's a waste of time to trade it.

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