Here we are tracking the final chapter in a fact leg for the RBA cutting rates in early June.
A lower cash rate will only boost housing related flows by a small amount (2.8%) and this is not enough to change the AUD housing sector outlook. RBA cuts are unlikely to overshadow the soft housing sector decline and to support AUD.. the cross will continue to drag and remain in decline.
Rate markets have priced in more than two cuts meaning that expectations for incoming macro prints will be low, any overshoots can cause large spikes against the flow as AUD shorts are expensive at these levels.
On the CAD side we have Polloz remaining hawkish via wages and employment will be enough to keep CAD in bid.
Best of luck.
A lower cash rate will only boost housing related flows by a small amount (2.8%) and this is not enough to change the AUD housing sector outlook. RBA cuts are unlikely to overshadow the soft housing sector decline and to support AUD.. the cross will continue to drag and remain in decline.
Rate markets have priced in more than two cuts meaning that expectations for incoming macro prints will be low, any overshoots can cause large spikes against the flow as AUD shorts are expensive at these levels.
On the CAD side we have Polloz remaining hawkish via wages and employment will be enough to keep CAD in bid.
Best of luck.
トレード稼働中:
Filled here .. good luck
手動でトレードを終了しました:
Failed to clear targets and no point holding shorts anymore for those looking for the 0.901x it looks gone. Here I loaded longs with the latest idea:
トレード終了: 利益確定目標に到達
