Hi
I am still learning everyday. Still a very junior pip.
Noticed the big rate cut imposed by the RBA. Then checked the charts for AUD/USD. saw a massive drop of more than 100 pips because of this.
Some traders are smiling now, while others are selling there newly bought fancy cars. 
Love how some of the fundamental analysis is starting to make sense.
Just remember that sometimes the market has counted in the fundamentals days ahead so there will be days that the market doesn’t respond as much as you think or like to high impact news… can be pretty frustrating when you are waiting for a move
Geez. It’s like a super complicated poker game. But with hard work in the end it will be worth it.
Fundamental analysis are very good when it comes to looking at the big picture. For instance, the huge rate cut by the Reserve Bank of Australia suggest that the current economic conditions may not be conducive for higher rate. The 25 basis points cut surprised many and thus the huge plunge of the AUD/USD. Nonetheless, this follows a string of rate cuts by several countries as they anticipate challenging economic conditions. From a trading perspective, the AUD/USD pair now presents an interesting opportunity.
How do you expect the AUD/USD to go from here?
Hello Whesley,
Thank you for your comment. Friday last week surprised many with the U.S posting strong Jobs numbers, which to me was not expected especially after previous economic data showed dismal performance for Q3. On the other hand, China, a major consumer of Australia’s exports posted a disappointing trade data. This sent the AUD/USD plunging to 0.77, down from 0.78, but the pair has since recovcered back to 0.78. It appears as though the speculation of a U.S interest rate hike is still fueling the USD, but the AUD is showing tremendous strength, thereby a possible sideways movement for the next few days.