{"id":67553,"date":"2015-02-03T06:24:45","date_gmt":"2015-02-03T11:24:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=67553"},"modified":"2015-02-03T07:11:36","modified_gmt":"2015-02-03T12:11:36","slug":"audusd-rba-cut-rates-market-expects-further-easing","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/02\/audusd-rba-cut-rates-market-expects-further-easing\/","title":{"rendered":"AUD\/USD: RBA Cut Rates, Market Expects Further Easing"},"content":{"rendered":"<div id=\"inves-2443201075\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 3, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>GROWTHACES.COM <a href=\"http:\/\/growthaces.com\">Forex Trading Strategies<\/a>:<\/strong><\/p>\n<p><strong>Trading Positions:<\/strong><\/p>\n<p><strong>EUR\/USD trading strategy:<\/strong> long at 1.1300, target 1.1550, stop-loss 1.1240<\/p>\n<p><strong>GBP\/USD trading strategy:<\/strong> long at 1.5040, target 1.5250, stop-loss 1.4950<\/p>\n<p><strong>USD\/CHF trading strategy:<\/strong> long at 0.9160, target 0.9400, stop-loss 0.9200<\/p>\n<p><strong>USD\/CAD trading strategy<\/strong>: long at 1.2590, target 1.2980, stop-loss 1.2480<\/p><div id=\"inves-3883528033\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong>EUR\/GBP trading strategy:<\/strong>long at 0.7470, target 0.7650, stop-loss 0.7490<\/p>\n<p><strong>EUR\/CHF trading strategy:<\/strong> long at 1.0160, target 1.0650, stop-loss 1.0400<\/p>\n<p><strong>Pending Orders:<\/strong><\/p>\n<p><strong>USD\/JPY trading strategy:<\/strong> sell at 118.60, if filled target 116.60, stop-loss 119.10<\/p>\n<p><a>\u00a0<\/a><span style=\"text-decoration: underline;\"><span style=\"color: #000080;\">Forex Signals \u2013 GrowthAces.com<\/span><\/span><\/p>\n<p><strong>GBP\/USD Under Pressure Despite Good Construction Data<\/strong><\/p>\n<p>(stay long for 1.5250)<\/p>\n<ul type=\"disc\">\n<li><strong>Britain\u2019s construction PMI rose to 59.1 from December\u2019s 17-month low of 57.6.<\/strong><\/li>\n<li>GDP data last week showed construction output, which accounts for just over 6% of Britain\u2019s economy, shrank at the end of last year at the fastest pace since 2012, but today\u2019s PMI pointed to better months ahead. Growth strengthened across housing, commercial and civil engineering as new orders rose in January at the fastest rate in three months.<\/li>\n<li><strong>The GBP\/USD trimmed earlier losses after the Britain\u2019s construction PMI release<\/strong>. The rate went up to 1.5020 after the data, up from below 1.5000 before its release.<\/li>\n<li><strong>We keep our GBP\/USD long taken at 1.5040<\/strong>. We expect good PMI services reading tomorrow \u2013 our forecast of 56.5 is slightly above the market consensus of 56.3 and much above the reading from the previous month of 55.8.<\/li>\n<\/ul>\n<p>Significant technical analysis\u2019 levels:<\/p>\n<p>Resistance: 1.5073 (10-dma), 1.5100 (high Feb 2), 1.5161 (high Jan 29)<\/p>\n<p>Support: 1.4952 (low Jan 23), 1.4900 (psychological level), 1.4814 (low Jul 9, 2013)<\/p>\n<p><strong>AUD\/USD: RBA Cut Rates, Market Expects Further Easing<\/strong><\/p>\n<p>(we\u2019ve made a small loss, stay sideways now)<\/p>\n<ul type=\"disc\">\n<li><strong>The Reserve Bank Of Australia cut its cash rate a quarter point to 2.25%<\/strong> at its today\u2019s policy meeting aiming to spur a sluggish economy while keeping downward pressure on the local dollar.<\/li>\n<li>RBA Governor Glenn Stevens said: \u201cOverall, the Bank\u2019s assessment is that output growth will probably remain a little below trend for somewhat longer, and the rate of unemployment peak a little higher, than earlier expected. (\u2026) <strong>This action is expected to add some further support to demand, so as to foster sustainable growth and inflation outcomes consistent with the target<\/strong>.\u201d<\/li>\n<li>The move was given extra urgency by the recent rush to ease by other central banks, which meant the RBA had to follow suit if only to stop its currency from rising to uncompetitive levels. The outlook for domestic inflation had also moderated as petrol prices plunged and wage growth disappointed.<\/li>\n<li><strong>The market moved to price in a greater chance of a further easing at the March meeting, which in our opinion is uncertain and depends on moves of commodities\u2019 prices. <\/strong>The bank will release its<strong> statement on monetary policy on Friday and will probably present some downward revisions to inflation and growth forecasts.<\/strong> The RBA will be data dependent now, mainly focused on employment data. We expect macroeconomic outlook to become brighter soon.<\/li>\n<li><strong>Australia\u2019s trade deficit amounted in December to AUD 436 million<\/strong> vs. AUD 1016 million a month earlier. The market consensus assumed a deficit of AUD 775 million.<\/li>\n<li><strong>Australian approvals to build new homes fell in December by 3.3% mom<\/strong> vs. forecast fall of 5.0% mom and a rise of 7.7% mom in November.<\/li>\n<li><strong>The AUD\/USD dropped to its new six-year lows after the RBA cut from 0.7790 before the decision. The AUD\/USD reached a day\u2019s low of 0.7627. We closed our risky AUD\/USD long (opened at 0.7780) with a small loss at 0.7765.<\/strong><\/li>\n<li>The AUD may remain under pressure in the coming days, ahead of the release of revised central banks\u2019 forecasts on Friday. Investors will be focused also on retail sales figures this week (Thursday, 0:30 GMT).<\/li>\n<\/ul>\n<p>Significant technical analysis\u2019 levels:<\/p>\n<p>Resistance: 0.7832 (high Feb 2), 0.7907 (high Jan 29), 0.7929 (10-dma)<\/p>\n<p>Support: 0.7627 (low Feb 3), 0.7600 (psychological level), 0.7500 (psychological level)<\/p>\n<p><a><span style=\"text-decoration: underline;\"><span style=\"color: #000080;\"> Forex Signals \u2013 GrowthAces.com<\/span><\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GROWTHACES.COM Forex Trading Strategies: Trading Positions: EUR\/USD trading strategy: long at 1.1300, target 1.1550, stop-loss 1.1240 GBP\/USD trading strategy: long at 1.5040, target 1.5250, stop-loss 1.4950 USD\/CHF trading strategy: long at 0.9160, target 0.9400, stop-loss 0.9200 USD\/CAD trading strategy: long at 1.2590, target 1.2980, stop-loss 1.2480 EUR\/GBP trading strategy:long at 0.7470, target 0.7650, stop-loss 0.7490 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-67553","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=67553"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67553\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=67553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=67553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=67553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}