Comments on: RBA will cut by 25bps next week, maybe even 50bps https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/ The Professional Source Fri, 03 May 2013 08:56:46 +0000 hourly 1 By: Sean Lee https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20526 Fri, 03 May 2013 08:56:46 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20526 Yeah, and losses trading CAD 🙁

]]> By: Kirill https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20525 Fri, 03 May 2013 08:24:40 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20525 Thanx Sean. 25 is reasonably widely expected so I doubt big fireworks. I started to like that cross it behaves nicely (i guess that could be famous last words). 1.15 is cool by me, I am playing it small with intraday bias to get a bettr feel for it. and trying to think at which level I would want to become more aggressive on a long side. So far it seems bearish, but nothing last long in fx… Except for yen trends)))

]]> By: Sean Lee https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20523 Fri, 03 May 2013 08:15:13 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20523 Hi Kirill, I was being a bit overdramatic with the 50 bps mention, as there’s little chance of ueber-hawk Stevens taking that route but a very good source tells me that 25bps is v likely. I wouldn’t discount 115 in AUD/NZD. There are still some big structural trades out there and most if not all tend to be long of this cross. Many of big macro funds take very l/t positions in this one

]]> By: Kirill https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20522 Fri, 03 May 2013 08:09:48 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20522 Sean, what is the biggest cross for NZD in terms of trading volume? I am thinking if RBA cut 50bp, that could create spike lower in AUD/NZD which i would fancy fading. UBS seems confident of this cross going towards 1.15, but I am not sure I agree with such aggressive stance. At least not in the straight li e.

]]> By: JK https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20507 Fri, 03 May 2013 05:00:38 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20507 OK sean.. I will wait rba decision.. Afterthat I will trade..

]]> By: Sean Lee https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20503 Fri, 03 May 2013 04:34:19 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20503 Agree JK, make sure the trade is a good chance of being profitable so best wait until after the risk event

]]> By: JK https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20501 Fri, 03 May 2013 04:26:22 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20501 Thanks sean… I am expecting minimum 100 pips profit.. I could miss the trade.. But Idont want to be a loser :). So I will wait for 1.2630

]]> By: Sean Lee https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20500 Fri, 03 May 2013 04:19:05 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20500 Hi JK. If you are building medium term long position then its better to wait until after the event risk is over. The obvious entry level to look for is around 12630ish I’d say.

]]> By: JK https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20499 Fri, 03 May 2013 04:06:08 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20499 Hi Sean,

GM. What is the best level to go long for euraud? I think eurusd can go 1.2950 after that it will go up. AUD is in bear mode.. But now it is looking strong compare to euro. If I enter euraud long before rba rate decision, it is good or bad?

Regards,
JK

]]> By: Sean Lee https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20495 Fri, 03 May 2013 03:00:16 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20495 All good Nachiket, my EUR/AUD position well under control

]]> By: JACK https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20494 Fri, 03 May 2013 02:59:56 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20494 OK thanks

]]> By: Sean Lee https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20493 Fri, 03 May 2013 02:58:33 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20493 Agree Jack, certainly seems bit overbought in short-term. I don’t like selling this pair though, prefer to wait and buy dips back towards 14925ish

]]> By: Sean Lee https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20492 Fri, 03 May 2013 02:56:39 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20492 Hi Danny, getting timing right is very tricky indeed, that’s why I like having small short AUD position which I can manage easily and add when time is right.

]]> By: Nachiket https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20490 Fri, 03 May 2013 02:41:18 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20490 I don’t think rate cut is coming. 3% is fine for australia. may be 2.75 by end of the year but not now

]]> By: Nachiket https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20489 Fri, 03 May 2013 02:40:25 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20489 what abt your eur/aud trade? I hope you booked some before ecb

]]> By: JACK https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20487 Fri, 03 May 2013 02:25:35 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20487 Hi Sean
Good day, any view for GBP/AUD??
It seen like pullback from 200 MA, and the condition seen like overbought
thanks

]]> By: Danny https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20486 Fri, 03 May 2013 02:19:23 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20486 2nd thoughts, maybe eur will flock to aud due to more attractive rates.

]]> By: Danny https://fxww.com/rba-will-cut-by-25bps-next-week-maybe-even-50bps/#comment-20485 Fri, 03 May 2013 02:02:35 +0000 http://fxww.dreamhosters.com/?p=7470#comment-20485 when will be the right time to go short?

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