TRADING OPPORTUNITY TONIGHT
There is an opportunity to trade tonight when the AUD Retail
Sales is released at 7:30pm EST. Your focus should be on the
AUD Retail Sales (MoM) figure, which is expected to be 0.5%.
We have placed a safe trigger of 0.4% for this release. We
have historically seen moves of around 25 pips when this
release has had a deviation of 0.4% or higher. We will not
have the Live Trade Room open for this trade, but I wanted to
make you aware of the opportunity.
Also, the Reserve Bank of Australia is coming out with their
interest rate statement tonight at 10:30 pm EST. It is
anticipated that they will raise interest rates by .25%. There
is a higher probability for additional volatility if they do
not change rates, as the market has already priced in the
expected rate hike. Again, we are not trading this in the Live
Trade Room, but I wanted to make you aware as this will have an
impact on any trades you may be in on the AUD/USD.
Good Luck!!!!
