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AUD/USD Big Trade 10.20.2015 +75
10/21 Update BK -- Close AUD/USD Big Trade here at 0.7205 ahead of big figure support for +75
10/20 Update AUD/USD Big Trade 10.20.2015 -- First Entry Triggered
New AUD/USD Big Trade Orders
Place Order to Sell 1 more lot AUD/USD at 0.7480
Stop for ALL 0.7650
We also like selling Australian dollars because the market is looking for the RBA to cut interest rates when they meet next month. While last night’s Chinese data beat expectations, the sharp drop in industrial production tells us that Chinese demand remains weak. Between that and the drop in jobs experienced last month along with the slowdown in service sector activity and appreciation in the currency, the RBA has every reason to be more dovish. The RBA minutes are scheduled for release this evening and if they are more cautious than the monetary policy statement, it could accelerate the losses in AUD