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RBA to leave rates on hold tomorrow

By   || September 5, 2010 at 22:16 GMT
|| 10 comments || Add comment

That is according to all 25 economists surveyed by Bloomberg.

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10 Responses to “RBA to leave rates on hold tomorrow”

  1. chris on September 5th, 2010 22:38 GMT

    Exit from eurozone is Greece’s worst option, says Jean-Claude Trichet
    Ahead of a crucial week for George Papandreou, the prime minister, with threats of renewed civil unrest over government austerity policies in the run-up to the leader’s keynote annual economic speech, the ECB president sought to squash speculation that Athens’ only solution was to revert to the drachma.

    http://www.guardian.co.uk/business/2010/sep/05/debt-crisis-europeanbanks

  2. chris on September 5th, 2010 22:46 GMT

    JAPAN’S colossal 117 trillion yen ($1.5 trillion) Government Pension Investment Fund is poised for an unprecedented asset sell-off. http://www.theaustralian.com.au/business/markets/fund-sell-off-to-help-japans-elderly/story-e6frg926-1225914584690

  3. Lance on September 5th, 2010 22:54 GMT

    Sean, is the main page funky this morning? New comments not showing, but they *are* showing where you make a new comment …

  4. Lance on September 5th, 2010 22:55 GMT

    Never mind. Whatever it was, it just worked itself out.

  5. Sean Lee on September 5th, 2010 23:15 GMT

    Yes Lance I’m having the same problem. Some of may comments appeared, then disappeared, then appeared again. Very strange.

  6. Hart on September 5th, 2010 23:21 GMT

    Me to but it started Friday after market close. I tried to use both the home and all tabs. They both worked intermittently. I thought it was from cleaning my system. cookies and such.

  7. Hart on September 6th, 2010 00:06 GMT

    For the e/j traders out there the m5 200sma is the scalping level that has been working so far. Top side 108.90-109.02 need to break. Then some funny stuff @ 109.3 and on to the 109.57-.60 high from Friday. Then of course on to the 110-.10 that makes sense for aud/jpy, eur/usd, aud/usd shorting areas. Short term. Good luck today Traders. Also the 108.5 and on to 108 even on the bottom for e/j s/t. 108.2 area could be tricky so be careful. (News and market timing issues.)

  8. Bob on September 6th, 2010 02:26 GMT

    sean,
    you said earlier that the 3 independent are probably going to side with Labour. Just want to reconfirm what you said last week: Labour goverment means mining tax policy and therefore weakening of AUD, this is your postulation, right?

  9. David Horton on September 6th, 2010 02:34 GMT

    That is the likely scenario, Bob, yes. The greens are pushing Labour to go ahead with it although it may get slightly changed but either way if Labour get the gong it may hurt the AUD a wee bit to start with. In the bigger picture the affect is watered down as it has been a while and the broader market factors are more important in the AUD’s future

  10. Bob on September 6th, 2010 02:42 GMT

    ok, i understand. thanx guys

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