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AUD/USD Put Signal 28 Oct 2015

Signal details
Entry Price: 
0.7150
Close Price: 
0.7113
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The AUD/USD pair has been trending higher in recent hours due to the elevated uncertainty about what the U.S. Federal Reserve will do later tonight when it announces its interest rates decision. With dismal inflation data coming from Australia, we are keen to buy daily puts.

The rationale here is that the overnight release of weaker than expected inflation data, will force the hand of the Reserve Bank of Australia to lower rates. At the same time the Fed is not likely to backtrack on its promise for higher rates.

We would be buying daily puts on the AUD/USD pair for tonight's daily expiry at 0.7150.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.