1:30 AM EDT
AUD Cash Rate
There is not a lot of speculation available on the odds of a rate change. It seems unlikely they will begin raising it this soon, but I have no data to back that up, only gut feel. I would not even consider getting up at this hour to do this, but if you are up anyway you might give it a try.
I would do a buy only since the world seems to be in the very beginnings of a recovery at this time.
SETTINGS: Set buy/sellPips to 35 and buyOnly to “y”. Get out if there is not a huge spike within a couple seconds of the posted time.
9:30 PM EDT
AUD GDP q/q
The forecast is for -0.4% growth, which represents a -0.9% drop from last quarter. I think the month to month drop will be a lot less drastic, but this is reported quarterly hence the big swing. The market will likely treat this like the recent trades, ignoring big deviations, but it will be worth a small trade anyway.
SETTINGS: Set buy/sellPips to maybe 10 or 12. I’d get out pretty quick whether you go live or not. Trade small lot sizes.