AUDUSD short monday night. potential cash rate forecast miss
The market is forecasting a 4.35% cash rate raise for AUD on monday night during the asian session. Her recent remarks elude to the potential that their is no cause for a cash rate raise. He statement prior to cpi outlines the potential to maintain vs the potential to raise. Bets will be placed on maintaining the cash rate raise at 4.1%. If dollar weakness continues. will remove 75% risk at 2:1 or 3:1 target level. July 31st a cash rate forecast was 4.35% and it was maintained at 4.1% leading to a 3% decline in AUDvsUSD. Stay tuned for monday night when the position will be taken and posted. Trade Safe, Trade Smart, Manage Risk. Respectfully, Artisin
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.