AUD/USD spiked to a 24yr high after the minutes of the RBA's May meeting showed that the board had a lengthy discussion about raising interest rates.
The RBA reiterated that inflation is "uncomfortably high", adding that the growth and inflation outlooks are highly uncertain. They remain concerned about wage inflation, highlighting that the terms of trade would be 20% higher this year and would boost national income levels by 3%-4%. The minutes caught the market off-guard, with many believing that the RBA will keep rates on hold for the time being. Aussie bond yields spiked higher, with the market rushing to price in more rate hikes, pushing AUD/USD above 0.9570.
Ever since AUD/USD broke 0.9500 resistance, I have been more bullish on AUD.
Currently AUD/USD is trading at 0.9596. Today I place a USD200 bet that AUD/USD will stay above 0.9584 by 5am China time. Odds is 0.64. If I win I win USD128, if I lose I lose USD200.
自澳元/美元突破0.9500阻力后,我就对澳币乐观。
目前澳元/美元交易在0.9596 。今天下注USD200澳元/美元在5am中国的时,保持在0.9584以上。赔率是0.64。如果我赢我赢USD128 ,如果我失去输USD200。


Tuesday, May 20, 2008
Bet that AUD/USD will stay high
Posted by Forex Educator at 5:29 PM
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