Ainslie Intelligence - Weekly Summary of Performance

Our AI has held a sell position on the AUD for over a month. The trade so far is break even with the AUD being very subdued over the last two months. However, the trade could find profit today with the Reserve Bank of Australia slated to cut rates once again.

In their last monetary policy statement, the RBA noted that “it is reasonable to expect that an extended period of low interest rates will be required in Australia to make progress in reducing unemployment and achieve more assured progress towards the inflation target.”

Currently, traders are pricing a 25-basis point cut at almost 80%.

The AI has been consistently successful trading this pair, often finding larger profits in longer term trades. Currently, the AI has found 9.4% profit in this pair and is outperforming a buy and hold by almost 20% - impressive for a currency. Should the RBA cut rates today, it is expected that the Aussie will slide as it has after the other rates cuts this year.

The Ainslie Intelligence AI utilises multiple proprietary data sources and sophisticated deep learning neural networks to create a model that evolves as the markets do.

The first distinction between our AI and other products, such as “automated trading bots”, is that our technology delves much deeper and is processing 24/7, searching for patterns and connections on multiple layers, and across multiple markets. It is also important to remember that when using the AI signals, you are still in control of trading decisions and are not exposed to the software risks of bots.

We would recommend trading every signal provided by the AI for whatever trading pair you are following. The reason for this is that the goalposts are always moving and if you pick and choose which signals you want to trade, you may miss out when the AI captures larger market movements, which is where large profit is found. However, the signals can also be used for different reasons. For example, if you had some silver bullion that you are looking to turn into cash, you might wait for the next sell signal on silver in AUD. It all depends on your trading objectives

Here are our updated performance figures: