What is Expected
Time of release: 07:30 PM EST 00:30 GMT 2/11/2007
Time of press conf 07:30 PM EST 00:30 GMT 2/11/2007
Consensus expectation: N/A
Prior reading : N/A
Primary Pair Impact : AUDUSD
Effect of Reserve Bank Quarterly Monetary Policy Statement on AUD/USD For Past 1 Period
[B][U] Month
Data Released
Estimate
Actual
Pips Change
(1 Hour post event )
Pips Change
(End of Day post event)
Nov. 2006
11/12/2006 19:30
N/A
N/A
9
-44
[/U][/B]
How To Trade This?
As always, the general rule of thumb in trading event risk is to wait at least 5 minutes before putting the trade on in order to observe if the market price responds to the fundamentals. With the RBAs quarterly monetary policy statement, the immediate reaction is typically staid as the governing body is typically transparent going into the event. However, a shift in the big themes often wears on the Australian dollar over time.
