Will The RBA Surprise Again?
The RBA took markets by surprise at their August meeting by deciding to stick to their planned September tapering despite the virus situation. Can they surprise again?
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We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co
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When we compare the virus situation between right now and what it was back at the start of August then it seems almost a done deal for the bank to delay their September tapering.
However, if the bank decides that the hit to growth and the economy will be mostly transitory, they could surprise again. The other side of the coin could see that surprise more dovish by not only delaying tapering but also increasing their weekly QE purchase pace.
Either one of the above scenarios will be important and either way could see some interesting price action. Our focus will be on AUDNZD, AUDZAR, GBPAUD and EURAUD.
As always, more on this and how we look to take advantage of that in our week ahead video.
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If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below where you can learn more about it.
https://financialsource.co
----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://financialsource.co
-----
When we compare the virus situation between right now and what it was back at the start of August then it seems almost a done deal for the bank to delay their September tapering.
However, if the bank decides that the hit to growth and the economy will be mostly transitory, they could surprise again. The other side of the coin could see that surprise more dovish by not only delaying tapering but also increasing their weekly QE purchase pace.
Either one of the above scenarios will be important and either way could see some interesting price action. Our focus will be on AUDNZD, AUDZAR, GBPAUD and EURAUD.
As always, more on this and how we look to take advantage of that in our week ahead video.
-----
If you find these weekly analysis and trade ideas useful, you’ll love Financial Source. There’s a link below where you can learn more about it.
https://financialsource.co
