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Foreign exchange market to earn? Trading Ideas traders EURAUD 15.10.2019 Why AUD risks collapse at any moment?


During the trading session on Tuesday increased volatility demonstrates the Australian currency, which is caused by the release of the RBA minutes of the last meeting, which were released today at 3:30 GMT. According to the minutes, the Australian regulator is ready to further easing of monetary policy if the measure is necessary to support economic growth and job creation. 


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Earlier on 1 October the Reserve Bank of Australia lowered its benchmark interest rate to a record low of 0.75% to 1.0%, the third decline in the past year. Nevertheless, the central bank noted that feels more concern for the fact that lower interest rates can spur growth in housing prices. If these concerns are met, the rise in real estate prices will only exacerbate the situation with the record levels of household debt and sluggish wage growth. All this will further slow down the economy, on June 30 this year, noted the lowest growth rate in a decade.


Against this backdrop, market participants suggested that in addition to the rate cut the RBA may well resort to an alternative monetary stimulus, for example, by running its own program of quantitative easing. The probability of these measures may increase against the backdrop of yet another disastrous report on the state of the labor market, which will be released in the coming Thursday. With that said, we are sure to prepare for another downward rally of the Australian dollar, which can begin at any moment.


EURAUD BuyLimit 1,6250 TP 1,6470 SL 1,6190

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author trader analyst Artem Deev company AMarkets . Traders community is not responsible for any losses in the case of the review of materials

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