February 7th, 12:56 pm
Japanese Finance Minister Jun Azumi warned markets today over the strengthening of the nikkei. In a surprise move, the Reserve Bank of Australia kept rates on hold at 4.25%. Analysts were expecting the RBA to deliver a third round of rate cuts after it cut rates by 25 basis points in November and December. The RBA said that it was keeping rates on hold because growth is on track and inflation is close to target. RBA Governor Glenn Stevens said, “Much remains to be done to put European sovereigns and banks on a sound footing, but some progress has been made.” With regards to inflation, Stevens said that he expects underlying inflation to fall within 2% to 3% target range over the next one to two years. Stevens said that the Australian economy has shown strong growth with some differences between the mining industries compared to the rest. The AUDUSD rallied 100 pips after the rate decision.
OpenBook trader molla01 was one of the best prepared traders for today’s rate decision. This trader had been adding long exposure to his account on the AUDUSD during the last twenty four hours. The trader has been an Aussie bull and believes in trading with the trend. This is despite the overwhelming bearish sentiment on the AUDUSD ahead of the rate decision. OpenBook trader molla01 is now floating profits between 65% and 79% on his open exposure. It remains to be seen if this trader will close his positions or wait for his Take Profit of 1.0825 to be reached. The trader has already gained 137% this week and is up 740% in the last thirty days. This trader only trades the AUDUSD and uses medium risk strategies. The trader has 5 copiers and 30 followers so far on OpenBook.
Asian markets ended in the red with the Japanese Nikkei down 0.08%, the Hang Seng down 0.05%, the Shanghai index down 1.69% and the Australian S&P ASX down 0.45%. Traders on OpenBook continue to be primarily bearish on AUDUSD with average limits at 1.0650 and stops at 1.0900.
OpenBook trader karimderras was also prepared for today’s action by the Reserve Bank of Australia. Moreover, this trader closed two positions with gains of 96%. The trader used a high risk strategy buying near 1.0777 and closing near 1.0801. The trader has been previously bearish on AUDUSD but has now become an Aussie bull.
Japanese Finance Minister Jun Azumi warned markets today over the strengthening of the nikkei. In a surprise move, the Reserve Bank of Australia kept rates on hold at 4.25%. Analysts were expecting the RBA to deliver a third round of rate cuts after it cut rates by 25 basis points in November and December. The RBA said that it was keeping rates on hold because growth is on track and inflation is close to target. RBA Governor Glenn Stevens said, “Much remains to be done to put European sovereigns and banks on a sound footing, but some progress has been made.” With regards to inflation, Stevens said that he expects underlying inflation to fall within 2% to 3% target range over the next one to two years. Stevens said that the Australian economy has shown strong growth with some differences between the mining industries compared to the rest. The AUDUSD rallied 100 pips after the rate decision.
OpenBook trader molla01 was one of the best prepared traders for today’s rate decision. This trader had been adding long exposure to his account on the AUDUSD during the last twenty four hours. The trader has been an Aussie bull and believes in trading with the trend. This is despite the overwhelming bearish sentiment on the AUDUSD ahead of the rate decision. OpenBook trader molla01 is now floating profits between 65% and 79% on his open exposure. It remains to be seen if this trader will close his positions or wait for his Take Profit of 1.0825 to be reached. The trader has already gained 137% this week and is up 740% in the last thirty days. This trader only trades the AUDUSD and uses medium risk strategies. The trader has 5 copiers and 30 followers so far on OpenBook.
Asian markets ended in the red with the Japanese Nikkei down 0.08%, the Hang Seng down 0.05%, the Shanghai index down 1.69% and the Australian S&P ASX down 0.45%. Traders on OpenBook continue to be primarily bearish on AUDUSD with average limits at 1.0650 and stops at 1.0900.
OpenBook trader karimderras was also prepared for today’s action by the Reserve Bank of Australia. Moreover, this trader closed two positions with gains of 96%. The trader used a high risk strategy buying near 1.0777 and closing near 1.0801. The trader has been previously bearish on AUDUSD but has now become an Aussie bull.
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