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Australian business confidence index falls 11 points

By   || February 2, 2010 at 00:34 GMT
|| 4 comments || Add comment

The latest data from the NAB showed that the business conditions index was steady at +10 but the business confidence index plunged 11 points to +8> Will the RBA take this into account and decide to pause now? Let’s hope so (sorry talking my position as always!)

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4 Responses to “Australian business confidence index falls 11 points”

  1. haniff ashburn on February 2nd, 2010 01:17 GMT

    sean are u short aud? n kiwi? vs usd or cross?

  2. Michael Miller on February 2nd, 2010 01:53 GMT

    Sounds like someone’s short Aussie going into a big announcement! :wink:

  3. Sean Lee on February 2nd, 2010 02:01 GMT

    You’re reading me like a book Mike!!

  4. Sean Lee on February 2nd, 2010 03:13 GMT

    Apologies Haniff, didn’t notice the question. I’m short AUD/USD with a stop/loss at 8973 which is pretty close to where I got into the trade

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