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Post Labour Day surprise from Glenn Stevens

Post Labour Day surprise from Glenn Stevens

Australia?s central bank cut interest rates to a fresh record low at 1.75 basis points as it moves to counter the emergence of disinflation that?s swept the developed world. Reserve Bank of Australia Governor Glenn Stevens this morning reduced the?cash rate by 25 basis points as predicted by 12 of 27 economists surveyed. The Inflation…

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Aussie price action

Aussie price action

The AUDUSD is currently trading at the lower downtrend line support. The bulls seems to be back. However there is a catch. This is a typical price action pattern which I have seen again and again over the years. Price trading near support while waiting for a big news. That particulars news is the Australian…

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AUDUSD 10 September 2015 trade result

AUDUSD 10 September 2015 trade result

Last Thursday, I gave a mandate to buy the AUDUSD after I detected that it was oversold. A whatsapp message was given to students who were trading live to buy AUDUSD at 0.6989, 0.6973 and 0.6957. The trade was not triggered that day but was triggered the next morning. Many would have cringed when price…

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