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No chance at all... This is scaremungering at it's best....Sorry to say Puffy...
It will be interesting to see what the RBA says/does when the interest rate hits 1% by mid next year and the economy is still $hite.
Probably the same old "Australian economy is doing OK". I never find RBA comments interesting.It will be interesting to see what the RBA says/does when the interest rate hits 1% by mid next year and the economy is still $hite.
No chance at all... This is scaremungering at it's best....Sorry to say Puffy...
No chance at all... This is scaremungering at it's best....Sorry to say Puffy...
How do you get a 125BP cut from that table?
This is why I'll never gamble with newstrading
Wait for the initial move to do its thing, then take a few pips at high lots on the retrace, much easier and probability is no longer 50/50 like it is when you take a position before an announcement.
Any ideas Nick?
@Taser
Some people call that getting the retrace, some call it catching knifes. In my experience doing what you have suggested is more risky then trading the news. Sure you can normally make a few pips when people close out, but there is normally no telling if it will shoot higher or tank back to normal (or vice versa).
I do enjoy 30pips more then I enjoy 3pips.
every trade is a 50/50 Tayser no matter how good your edge may be.
"will the RBA cut again before Xmas?"
I wouldn't say that. Those who can read the flow end up with pretty solid probabilities. Freaks.
Being the first on totally unexpected news (like the IR cut 2 months ago), is practically free money.
You can see the IR futures have priced in 30bp before end of Dec, but look at Feb, down to 3.5% and 3.0% in April 2009.
I take it at those levels its pointing to a crunch in the economy, negative growth.
Following the UK and Eurozone IR slashing last night, the Big Q is "will the RBA cut again before Xmas?"
I disagree here MRC as you can't make a trade no matter what even a arbi and tell me with 100% certinty that it will be a win no matter what.
If that was the case then trading would be easy and no one would work. I also had the opinion that you could have sure things but after reading trading from the zone I understood that there is no sure thing in the market no matter how good it looks.
IMO.
FYI the RBA does not meet again until the first tues in Feb as far as I can tell.
So the short answer is NO.
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