Australian Interest Rates

Fx News Spike Signals by Crazy Cat, 2019/10/01

Release Time: 00:30 New York time (EST)
Primary currency pair: AUD/USD
Forecast: 0.75
Prior: 1.00
LT1 (Lower Trigger 1): -0.25 [SELL] (means 0.50 cut)
UT1 (Upper Trigger 1): +0.25 [BUY] (means no change)
Safety: 1

There are 32 estimates, and 25 economists expect a cut from 1.00% to 0.75% while 7 economists expect no change this time. Therefore, the median estimate is 0.75% and the average estimate is 0.80%. One standard deviation is 0.10%.

If there is a cut from 1.00% to 0.50% ( -0.25 deviation in this case as a cut to 0.75% is expected), AUD/USD should go down by a lot, possibly 50+ pips. This is not likely to happen.

If there is a cut from 1.00% to 0.75% ( 0.00 deviation in this case as it is expected), AUD/USD should go down a little bit but this might be quite risky to trade. Unless you have a lot of experience, I would recommend staying away.

If there is no change in interest rates (+0.25 deviation in this case as a cut is expected), this might bring AUD/USD up a little bit. Be careful but I think you can give a try.

Of course, if they hike the rates to 1.25% or higher (+0.50 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.

Forex news history and charts

Go back to the Forex Market News listing
Copyright © 2014 Secret Weapons LLC. All Rights Reserved.   Contact Us | Affiliates | Privacy Policy

Risk disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Past performance is not necessarily indicative of future results. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as educational material and general market commentary, and does not constitute investment advice. Seek a licensed advisor. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.