This is the biggest increase on this particular measure in 6 months and whilst still within the accepted 2%-3% band, the acceleration will probably cause some concern to the RBA and therefore increase the chances of a 25bps hike tomorrow.
14 Responses to “TD-MI January inflation gauge +0.8%, +2.6% YoY”
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AUTOREFRESH 
25bps hike tomorrow when is that in GMT exactly. And does this change your view on AUD/USD. I find it hard to work out why when AUS are raising rates and their currency is bearish at the same time
Hi Tony. The market is very long AUD/USD and AUD/JPY and as the stockmarkets start to fall then the long AUD positions get liquidated. Nothing to do with fundamental logic. Traders remember that AUD/USD fell from .98 to .60 when stockmarkets collapsed during the GFC, that’s why they are trading as they are. Understandable I think.
GFC? and when exactly would the rate hike be announced.
New trying to learn!
Any recommendations for a short ‘flyer’ entry on AUD Sean? I’m guessing we’ll see a spike and then a resumption of trudging through the mud…
Sorry Tony, global financial crisis. Rate announcement tomorrow around 02.00 GMT
I like your thinking Zeke. How about .8910 with s/l above Friday’s .8955 high? If it breaks above there then the recent downtrend might be in danger?
Correction Tony; 23:30 GMT tomorrow for rate decision
Looks good on my H6. I use a 34EMA HLC band, and that puts entry on the low and stop just above the high . Pretty textbook if you ask me
E:8910 S:8960 ; whaddya think for target?
Zeke, try 8735 for starters, double bottom (23 Dec 09)
Hi Sean, What time you said 23:30 GMT or 22:30 EST ?????
11:30 local time in Sydney which is 23:30 GMT
No wrong again; 00:30 GMT and I hope I have it right this time but it’s definitely at 11:30 Sydney time
G’day Sean
The rate decision comes out at 2.30 pm Sydney time.
That is 04:30 GMT
Cheers
According to Economic Calender of this website and other major website the rate decision is going to take place at around 22:30 EST Today 03:30 GMT Tommorrow……