AUDUSD short monday night. potential cash rate forecast miss
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The market is forecasting a 4.35% cash rate raise for AUD on monday night during the asian session. Her recent remarks elude to the potential that their is no cause for a cash rate raise. He statement prior to cpi outlines the potential to maintain vs the potential to raise. Bets will be placed on maintaining the cash rate raise at 4.1%. If dollar weakness continues. will remove 75% risk at 2:1 or 3:1 target level. July 31st a cash rate forecast was 4.35% and it was maintained at 4.1% leading to a 3% decline in AUDvsUSD. Stay tuned for monday night when the position will be taken and posted. Trade Safe, Trade Smart, Manage Risk. Respectfully, Artisin