Today i might say one of my biggest miss on live trading. A vital rate decision news for Aussie dollars came BD time morning 7.30 AM . I was sleeping and forgot to set my alarm. Interest rate is one vital economic indicator after the most important gdp and unemployment rate. In fact its a big currency mover.
Sadly RBA decided to make interest rate slightly lower and it hit the tradable deviation. From previous 3.0% interest rate on AUD now they decided to cut 0.25% and make it 2.75%. This made Aussie weaker against all majors such as US Dollar ,Canadian Dollar and Japanese Yen.
Sadly RBA decided to make interest rate slightly lower and it hit the tradable deviation. From previous 3.0% interest rate on AUD now they decided to cut 0.25% and make it 2.75%. This made Aussie weaker against all majors such as US Dollar ,Canadian Dollar and Japanese Yen.
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