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Probability vs Certainty – Market Update

I am still surprised at how many people misunderstand one of the basic concepts of trading – probability vs certainty. In light of this belief, it’s fascinating how some traders think that enduring an unprofitable trade could enhance the likelihood of their next one being successful. They tend to assume that with each loss, their …

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AUD/USD up to 0.7620 as RBA Remains Steady at 1.5%

Australia’s central bank stood pat on interest rates as it awaits further inflation data and weighs the impact of two cuts in the last four months. In his final meeting, Reserve Bank of Australia Governor Glenn Stevens and his board left the cash rate at 1.5 percent Tuesday, as forecast by all 26 economists surveyed. …

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AUD/USD Meets Resistance Around 0.7650 Again – Market Update

RBA Cuts Again The RBA cut the official cash rate again to a record low of 1.5%. Read more …  AUD/USD After dropping back below 0.75 within minutes of the RBA cutting rates again on Tuesday, the Australian dollar has since rallied higher to within reach of a three month high above the current resistance …

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AUD/USD Drops to 0.75 as RBA Cuts to Record Low of 1.5%

The Reserve Bank of Australia (RBA) cut its benchmark interest rate by 25 basis points on Tuesday to a fresh record low of 1.50 percent amid signs of slowing economic growth. The move was widely expected, with 36 out of 47 economists surveyed by Reuters expecting a rate cut. “The global economy is continuing to …

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