Wednesday 28 November 2012

AUD !

On the Aud, this morning we saw better Capital Expenditure number out of Australia. AudUsd still trading in range and below 1.0500.

The market is focusing on next week's RBA on Tuesday. Market is very much pricing in a 70% chance of a rate cut. I am trying to go short into the rates decision if market still stays around this level.

Lets see how the week ends..

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