Forex Signal (Tue, April 06, 00:30 EST) Australian Interest Rate

UPDATE:JCLyons Signal Review
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It seems that about 60% of economists surveyed by Bloomberg expects Australian C.B. to raise the rates. But that also means that 40% of them don't expect Australian to raise the rates. That means we have a sure trade here.

If they do, in fact, raise the rates to 4.25% or even higher, AUD/USD would go up by 70 pips or even more.
If they do not raise the rates so the rates will stay at 4.00 level, AUD/USD would go down by 70 pips or even more.

If you use autoclick software, such as Fast Economic News, then it is a buy signal on 0.00 or +0.25 deviation (because 4.25 is expected) and it is a sell signal on -0.25 deviation (because it is expected it will be 4.25 but it was 4.00).

Keep in mind that historically it was very hard to get a fill on the Australian Interest Rate report but we will see....

More info here: http://www.smh.com.au/business/close...0406-rnyo.html

Please keep in mind that those estimates may still change as we get closer to the release. Also, after the release there might be a commentary released that may significantly affect the price action.

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