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5 Aug 2014
RBA preview: Very little chance of any surprise - FXWW
FXStreet (Bali) - According to Sean Lee, Founder at FXWW, there is little chance of any surprise in policy or language by the RBA today.
Key Quotes
"There would seem to be very little chance of any surprise in policy or language and we can expect more of the same. There have been no major domestic or international events in the last 4 weeks to change RBA direction."
"Interest rate futures markets are pricing in a long period of steady rates. Option players are still sitting in size either side of the AUD/USD market, with the main levels being .9250 and .9450. I’d suggest sticking with recent history, and fading 40/50 pip moves in either direction."
Key Quotes
"There would seem to be very little chance of any surprise in policy or language and we can expect more of the same. There have been no major domestic or international events in the last 4 weeks to change RBA direction."
"Interest rate futures markets are pricing in a long period of steady rates. Option players are still sitting in size either side of the AUD/USD market, with the main levels being .9250 and .9450. I’d suggest sticking with recent history, and fading 40/50 pip moves in either direction."