RBA Meeting tonite 11/30

Royal Bank Of Australia meeting tonight to discuss rates. Expected to raise them another .25%.

Just a heads up.

 

I'm testing out a news scalping EA in the overnight session and am hoping that it executes without a major whipsaw.

I'm going to run it on AUD/USD so I'll let you know how it goes!

 

Will they be announcing a decision?

 

?

 

It's Reserve Bank of Australia .. Not Royal

 

On whether they're going to raise rates or not? He said meeting and it's assumed they raise them... are they going to say for sure tonight?

 

Yes, that's the meeting's point - the December meeting on Monetary Policy.

 

Oh yeah, my bad. Got confused.

Mea culpa.

 

Yes, and since RBA Deputy Governor Ric Battellino said last week that Australian economy has entered new phase of growth to last for years it is expected another increase is coming - but a move in the Aussie MAY already be priced in. Attention will be on the accompanying statement for future expectations.

 

Here's one for you. What if they hold?