AUTOREFRESH 
Forget about raising rates, how about lowering instead
By Sean Lee || August 3, 2010 at 01:38 GMT
|| 8 comments || Add comment
The RBA are meeting later today and I think we should now start the calls for them to lower rates rather than raise them! The latest PPI and CPI data fell significantly last week and with building approvals falling sharply, the RBA will next be considering cutting rates before they look to raise them again.
(Not to mention the fact that it might also help my AUD short position!)
I also would really love to mention the last part, but I’ll let Sean do it for me
The short boat now has at least the company of three!
+1
I think the short boat might have more than 3 =)
Couldn’t agree more… short here too.
I am short already, and of course from lower levels
but if one is not, I’d suggest to wait for RBA and any potential upspike to open a position
0,9150 and 0,92 should cap anyway, as China is rumored to protect option barriers at 1,32 in EURUSD
EA interestingly back above the 10D and on a REV candle too, planetary cylces, women’s cylces, bi-cycles… heh
Sean, I guess I will have to wait another day for the AUD to hit 0.9250. I closed my long position at .9125 before the data release for a profit of 90pips. Now I’m with you in the bear camp at least until 0.9050, maybe until 0.8750. All the best!