Is anyone watching the action right now in the Aussie? It just tanked big time at 10:30pm EST. I made a fast buck but quickly covered because the move just came out of nowhere. Wow! I'm interested if anyone else is following it right now.
Well, that's what I get for trading a currency in another time zone. Here is the headline... RBA lifts interest rates to 7.25% at least I made money on the announcement and can now go to bed. fun stuff.
Good luck with it. I probably covered a little too early but can't complain as I was only in the position for about 5 minutes and was about to go to bed anyway. You can't complain about fast money so I won't.
Statement that followed was less hawkish toward further rate increases. Plus add weak retail sales earlier.