Market getting more unsure about prospects of RBA easing
Yesterday the market was putting then chances of an RBA easing at 56% whereas today the chances are seen at 44%. Not sure what’s happened in the meantime to change peoples’ opinions. I’m sticking to my guns, I think they will cut by 25bps and will add in some AUD-negative language, sending AUD/USD back below 1.0300 (talking my position as usual!).
Sean,
I am with you. I read in a newspaper that if they don’t cut this month next cut might probably happen in Feb. By that time aussie will be at 1.08000 and it will be much more difficult to bring it down
I think if 25 bps cut 1.0280 gap will open up. bring on RBA
Yes exactly Nachiket, if they don’t go now then ntg til Feb and as yu say, we cud be at 108/110 by then.
Sean,
countdown begins. 10 mins to go
no rate cut. 1.05. thank god i was hedged
I’m speechless, what were all those AUD-overvalued commentaries from board members about? This thing could be at 110 by Christmas
thats not possible sean. probably you are way too optimistic
looks like a fake move to me. why is it not clearing 1.0450