Australian Interest Rates

Fx News Spike Signals by Crazy Cat, 2020/03/02

Release Time: 22:30 New York time (EST)
Primary currency pair: AUD/USD
Forecast: 0.75
Prior: 0.75
LT1 (Lower Trigger 1): -0.25 [SELL] (means 0.25 cut)
UT1 (Upper Trigger 1): +0.00 [BUY] (means no change)
Safety: 1

There are 34 estimates, and 16 economists expect a cut from 0.75% to 0.50% while 18 economists expect no change this time. Therefore, the median estimate is 0.75% and the average estimate is 0.63%. One standard deviation is 0.12%.

If there is a cut from 0.75% to 0.50% ( -0.25 deviation), AUD/USD should go down by quite a few pips.

If there is no change ( 0.00 deviation in this case), AUD/USD may actually go up because nearly half of economists expected a cut that did not happen. Don't be too aggressive but I think you may give a try.

Of course, if they hike the rates to 1.00% 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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