Where to for Australian Interest Rates?
Nicholas Forsyth
Market Matters
A choppy day of trade within a reasonably tight range headlined by the RBA decision on rates at 2.30pm. As widely expected they held firm at 1.75% however commentary key as always. Most focus stays on the last paragraph and looking at the spike in the AUD post the release and a big move higher in bond yields (as the below charts shows) traders were clearly looking for more rhetoric emphasising a future easing bias…It wasn’t there so the AUD rallied, bond yields moved higher & the equity market sold off – about 25pts in short order after the release only to make a marginal recovery into the close. Iron Ore up +3.3% in Asian trade helped. (VIEW LINK)
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Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
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