In other words, it is international rather than local conditions which influenced the decision
15 Responses to “RBA: no change”
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AUTOREFRESH 
Oh dear. It is going to spark another wave of risk aversion.
great call, sean.
Made a nice 80 pip profit on that, looks like I was wrong about the 50bps though.
Thank you Sean
I don’t think this will cause risk aversion, the RBA is still talking about further rate increases. They just held fire this time around because they didn’t think they had enough info about the impact of their previous 3 rate hikes.
Almost worth a long on the kneejerk reaction I reckon!
Thanks JR, Lukito: better to be lucky than good, I always say
I’m going to take half off if we can reach .8750 and move to b/e @.8910
Sean, If you get a chance later…any thoughts on why the USA market rallied into the news? Didn’t make sense to me today.
Nice trade Zeke, I like your levels.
G’day Sean,
If you recall my y’day’s post where I mentioned no rate hike.
You got that right, nice call Puks. You and Terry McCrann seem to have the inside rub, or??
Thanks for the help by the way. I thought the idea was a little too ‘gunslinger’ till you gave me the vote of confidence. I needed that after a rough few weeks
International concern would hint toward more dollar-yen-safe-haven-tug-of-war action like we’ve been seeing since Dubai popped up in December, no?
[...] give mainly global reasons for not hiking, not [...]
I think I came up with the answer that makes sense to me with my confusion…..with 20 analyst saying the RBA would raise, the US Market thought the RBA would do that. I totally missed that.