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Daily Archives: February 5th, 2014

This morning I had a strong gut feeling that the RBA would begin to sound more positive and less dovish.

So prior to the RBA announcement and statement at 11:30am Singapore time, the spot was 0.8758 and I placed a spot order to stop if offered at 0.8778.  The order was triggered within 1 minute of the announcement and immediately AUDUSD shot up to 0.8845.  When it started coming off, I decided to sell the spot position at 0.8822 for a trading profit of 44bps.