A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Hi Everyone!
Now that the “Day of Mourning” is completed for the Arizona Cardinals loss in the Super Bowl…we can move on to more pertinent events!
The Reserve Bank of Australia has cut Rates again by 1 full percentage point , so let’s see where we are on the Aussie Dollar.
With a second Stimulus Package of $26.5 Billion (about $42 Billion total) poised to “support” the Australian economy…the idea of further Cuts in the future is easing.
Here is the Daily view about an Hour before the RBA Decision…
(Click once for the captures, and Post-Time is 4:00 GMT)
The Post-RBA View really does not give us significant movement here… about 60-75-pips in appreciation… but as we know with Data Points releases…we can see a “delayed” reaction…or simply no reaction at all.
Remember…in the Macro-View…Global Data Points have been largely “ignored” and swallowed by the Markets… especially with Risk Aversion as the Big Dog on the Block these days.
Here is the Hourly view… with nice consistent Bullish appreciation on this Time-Cycle.
Well…so far…no “monster” Waves to surf here on the Australian Dollar Seas …but we will certainly check back in for an Update …and have Gold come along for the ride as well !
ahhh…. Small note: The RBA is the ‘Reserve Bank of Australia’ not the ‘Royal Bank of Australia’…
Greetings Mikky!
Thanks for the correction..very astute of you!…hee hee…of course I knew this…
As I was writing, I was hearing some U.K. economic news in the background, so had a “Freudian Slip” there with “Royal” as they were discussing the Royal Family !
Sincerely,
- Tim -