Skip navigation

Admittedly, I was alittle nervous going into the RBA rate decision yesterday. However, AUDUSD was hovering around 0.7485 going into the RBA session.

It was quite certain that RBA wouldn’t lower or raise interest rates. Too much noise in the market about a possible rate cut and then again with inflation and the ‘bubble’ real estate market, the only way is to raise interest rates.

Anyway, I wasn’t so bothered about it, I was more concern about the RBA statement and what it could imply???

Thankfully, it was a neutral statement, one without ‘teeth’.  AUDUSD responded positively and powered northwards.

I decided to square the other half of my AUDUSD call option at 0.7550 for a trading profit of 142bps!!!

Thank you RBA, thank you Lowe!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: