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No Suspicious Activity Ahead of RBA Decisions, Investigation Continues

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ASIC: No Suspicious Activity Ahead of RBA Decisions, Investigation Continues – Profit & Loss (free story)

The Australian Securities and Investment Commission (ASIC) says it believes that fluctuations in the Australian dollar ahead of the Reserve Bank of Australia’s monetary policy announcements in February, March and April are the result of “normal market operations in an environment of lower liquidity”.


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Has Someone Found a Clever Edge in Trading Major Releases? – Profit & Loss (subscription)

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Has Someone Found a Clever Edge in Trading Major Releases? – Profit & Loss (subscription)
On Tuesday – for the third time in a row – there was suspicious price action ahead of the Reserve Bank of Australia’s monetary policy announcement. I am confident there is no leak from the RBA; indeed several sources familiar with the matter say they believe a similar move happened ahead of last Friday’s employment report, which would suggest that someone is ahead of the game somehow. It would not be the first time that a firm with what it believes is an edge in FX markets starts in local markets before angling for bigger fish.
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