The next chapter

AUDUSD coming off a couple spreads from 0.8005 to 0.7980 on
-House hold debt warning and statement rising rates abroad have no automatic implication for Australia .
-Economy improving but clearly there are risks
-Would like to see stronger business investment, continued jobs growth, faster wage growth.

In the Q&A session :
-Rates more limey to go up than down , but not for some time.
-RBA’s mandate very broad, will give us time.
-Workers not getting their fair share of national income

Audusd moves another leg lower down to 0.7960/65 , which may come in as a support area .

Link:  http://www.rba.gov.au/speeches/2017/sp-gov-2017-09-21.html

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

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