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1 Oct 2013
What you need to know ahead of the RBA
FXstreet.com (Barcelona) - The RBA will be publishing its latest monetary policy decision later today - 4.30 GMT -, and ahead of the risk event, traders should be updated with the latest market talk accordingly.
Key facts and rumours ahead of the RBA
"There has been talk on the wires about a possible RBA interest rate cut today, however, the chances remain slim after, especially after the recent AUD gains towards 0.95 were partly given back, thus easing pressure for the RBA to act."
"RBA unlikely to make a move on rates ahead of key indicators, including inflation data and employment report."
"While outlined in different occasions that Australia is not facing any housing bubble, it may not want to face heightened risk of heating up the property market any further, with RBA assistant governor Malcolm Edey recently saying "in the past 10 years housing prices had risen similar to or on average less than the growth of household income."
"Markets will most likely focus on AUD rhetoric by the RBA as well as the prospects of another cut before year-end."
"According to trustworthy bank sources, an Australian-based bank has reported very good corporation demand / Asian buyers below the 9300 level in AUD/USD on the recent decline."
"The market assumption is that the RBA has moved away from an overall dovish bias and appears comfortable with it, which means that if there is any intensification on the tone towards 1-a higher Aussie, 2-unemployment (very soft on Aug), 3-property prices, the Aussie may face downside risks."
Key facts and rumours ahead of the RBA
"There has been talk on the wires about a possible RBA interest rate cut today, however, the chances remain slim after, especially after the recent AUD gains towards 0.95 were partly given back, thus easing pressure for the RBA to act."
"RBA unlikely to make a move on rates ahead of key indicators, including inflation data and employment report."
"While outlined in different occasions that Australia is not facing any housing bubble, it may not want to face heightened risk of heating up the property market any further, with RBA assistant governor Malcolm Edey recently saying "in the past 10 years housing prices had risen similar to or on average less than the growth of household income."
"Markets will most likely focus on AUD rhetoric by the RBA as well as the prospects of another cut before year-end."
"According to trustworthy bank sources, an Australian-based bank has reported very good corporation demand / Asian buyers below the 9300 level in AUD/USD on the recent decline."
"The market assumption is that the RBA has moved away from an overall dovish bias and appears comfortable with it, which means that if there is any intensification on the tone towards 1-a higher Aussie, 2-unemployment (very soft on Aug), 3-property prices, the Aussie may face downside risks."