So, RBA to ease on Tuesday?

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Are there enough reasons for the RBA to ease on Tuesday (Dec. 4)?Just today:

  • Capex was up,
  • Of significance too … Equipment, Plant and Machinery was up


Any thoughts?


Author: Eamonn Sheridan

Eamonn Sheridan worked with Bankers Trust Australia for 13 years as a Spot foreign exchange dealer, trading across all major currencies and all time zones. He rose to a Vice President position, running spot operations during the busy European time, leaving the bank just prior to it being sold to concentrate on running his own business in the ‘real world’! The markets, however, had him hooked – he continued to trade equities, CFDs and then on to futures, giving him broad experience across financial markets. He is now active in FX and equity index futures as well as writing for ForexLive™. Eamonn is a graduate of The University of Melbourne in Australia and lives in New South Wales.


All|Asia Pacific|Central Banks|Economic Analysis

Eamonn Sheridan


  1. Would be wise to hang fire waiting on the outcome of the fiscal cliff, but what do I know?

    Probably Glen Stevens grabbing the gig at the Bank of Canada :)…

  2. Chinese data has been on the improve. Think they’ll save the bullets … As they said, they’re still waiting for the full effect of the previous cuts to flow through into the economy.

    My 2 cents.

  3. Glen Stevens is the best paid central banker in the world if i am not wrong. He gets over 1.1m per year where the next would be Carney at BOE with around 550k pound..

    the capex was up but the forward looking is bad and rio just came out and cut 5b over 2 years.. interesting times.

    china may have better macro data but how come sharemarket is at near 4 year low? too much bad debt!!!!!!!!!!!! no growth is my take if u ask me.

  4. Market is already pricing in the cut

  5. i dont think markets is pricing in the cut. aud is holding strong still.

    went short audjpy at 85.95 target 84 , SL 86.2

  6. Citigroup economists saying the Capex will boost GDP by 0.4%, that the fall in investment may be too big for the RBA to be comfortable with. Still, they are saying no cut next week. Futures are pricing a cut at over 70% now (up from 60).

  7. I’m watching this trend/line> area 1.0423 aud/usd for a break down.
    Have been trading aud/jpy, but still don’t trust usd/jpy. that rade got ugly in early New York earlier.
    Asian Central banks are off loading F/X in late Europe trade. The U.S. Housing numbers are not priced in.
    I’m short risk on the hourly charts…. That’s about it…. Eamonn is without question, Brilliant ! ” tack Sharp” A real joy to read! :)


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