Any trading questions, please put them in here. No question is a stupid question make sure you ask if you're stuck!

CPI just misses, consensus of 4.8, actual comes out at 4.6. Yes it's a miss so the algo selling is real. BUT inflation has jumped 1% in a quarter. The RBA wont be looking at 0.2% shy of consensus thinking inflation is under control here. They will be thinking, yes this confirms we need to hike in May. Algos react on data not on the full picture, the full picture is very clear, institutions won't be selling AUD after a 0.2% miss. More likely they will buy the pull back. Poly market still pricing an 85% chance of a hike in May down 2% from yesterday's post but generally no change here. The masses are still expecting a hike and I have to agree. We broke out above the range last night and now we're just testing the top of that range which is perfect technicals. As long as price holds above the range there's no reason why this trade won't hit through the rest of this week to the start of next. Any questions please drop them below!