What the market is expecting from Stevens

Matthew Wright

Livewire Markets

Events in Greece, falling iron ore prices and a correcting Chinese stock market have not altered the market expectation of the RBA this afternoon. Despite some buy flow this morning in the futures market the ASX produced RBA Rate Tracker shows only an 8% chance of a 25 basis point easing, with the futures yield curve pointing to a higher probability of a late 2015 or early 2016 move to lower rates. With a 75 cent Aussie the market pricing shows a expectation that Stevens will take a wait and see approach.


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Market Analyst
Livewire Markets

Matt has over 10 years’ experience in financial markets and is currently a successful Proprietary Trader with Epoch, trading interest rate and equity derivatives. Matt managed relative value interest rate books for large SFE locals in his early...

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