nobsforex

The rates remained unchanged as forecasted, bringing the Royal down about 60 pips from the annoucement. AUD still remain fundamentally strong despite no changes to the Interest Rate as we can see a strong upward rebound on the next 8 hours. Just bagged a little pips here as I haven’t move the SL in time before the [...]

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Brow

Amen to that.

I am more concerned about the interest rates as it applies to my home loan as opposed to any movement in the AUD in forex.

The housing sector has improved with overall building approvals going up and with the retail spending still on the increase it will just be a matter of time before the interest rates go up again as opposed to if. I hope everyone stops spending money so the rates will remain stable for a while longer.

Brow

allinvain

[quote=nobsforex;2281]The rates remained unchanged as forecasted, bringing the Royal down about 60 pips from the annoucement.

Umm..I presume "Royal" is slang for the AUD? I'm familiar with the Cable, Kiwi, Aussie, Swissie, Loonie, etc, but not "Royal".

Jude

Here you go! Wikipedia's your best friend!

Australian dollar - Wikipedia, the free encyclopedia

But I suppose the Aussie's the more common term

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allinvain

Cool. Thanks oh Grand Sanitation Manager.