Aussie Strengthens Sharply Ahead of RBA’s Cash Rate Decision, 50+ PIP Volatility Likely in AUD Parity; May 03, 2022

Australia’s Cash Rate Decision

Today Australia will release Cash Rate Decision at 0430 GMT/1000 IST. The rate decision is usually priced into the market, so it tends to be overshadowed by the RBA Rate Statement, which is focused on the future. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

Today RBA is likely to raise interest rate for the first time since 2010. In addition, yields on benchmark 10 – year government notes jumped 11 basis points to 3.24%, the highest since November 2014. According to the Andrew Ticehurst, a rates strategist in Sydney at Nomura Holdings Inc, “Australian bonds have under-performed to reflect the market’s confidence that the RBA will now deliver its first hike of the cycle this week”. As we have noticed that bonds are sinking worldwide this year as major Central banks move to aggressively tighten policy to control elevated inflation. Investors are now focusing on the RBA’s next move along with the updated GDP, CPI and Employment targets to achieve in near future.

Let’s see how AUD has reacted during the previous data release:

April 05:

March 01:

Technical View:


  • The Aussie starts a new day on a positive note and hovers around $0.7100 mark.
  • Today pair made intraday high at $0.7099 and low at $0.7045 mark.
  • A day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $0.7115 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $0.7030 will check further supports.

Take a look and do trade wisely!
Good Luck

Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts



Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close