Posted May 3, 0:12

No AUD Fear Ahead of RBA

ISM Index (APR) 50.8
No AUD Fear Ahead of RBA Chart
1 hour ago: 

The Australian dollar was the top performer while the US dollar lagged on Monday. The AUD/USD gain comes despite the looming, tough-to-call RBA decision. We look at what's expected and examine the market moves so far this week. On Friday we closed our short AUDJPY at a gain, leaving one AUD trade in progress ahead of the  RBA.

PREMIUM INSIGHTS Update: Apr 28, 13:50
China PMI Misses, AUD Longs in Peril May 2, 2016 1:20: 

The yen ripped right to the finish line on Friday and is slightly higher to begin the week. China's manufacturing PMI was released on the weekend and edged lower. Holidays could complicate trading to start the week. On Friday, the Premium trades took a 335-pip gain in AUDJPY, while 6 of the 9 existing Premium trades are at in the gain with +100 pip each. The Video below is open for subscribers and non-subscribers alike, containing Ashraf's take on how/why stops were hit 2 weeks ago and how matters change last week.


The Lessons From the Carnage Apr 29, 2016 0:27: 

The BOJ and RBNZ yesterday were a shining example of just how much dovishness the market demands from central bankers. The yen rocketed higher after the BOJ and the kiwi was the next best performer while the US dollar lagged. We take a look through the wreckage of the yen pairs. There are 2 JPY Premium trades, one taken today after the BoJ, the other 24 hours prior to the BoJ on expectations the BoJ would nothing.