Wow .. don’t you hate it when you miss the building approvals data ….
I’ve copied my original post below … but just wanted to add in …
0130GMT (2130NY time):
Building approvals for July
- For the m/m, expected is +1.9%, prior was -5.0%
- For the y/y, expected is +7.8%, prior was +16.0%
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Yes, its RBA day!
The Reserve Bank of Australia (RBA) board jet off for a meeting in Adelaide today. Adelaide is interesting, its timezone is offset by half an hour from Eastern Australia time … Half an hour, any other places do that? (Apart from in Australia, that is).
But, before we get the word from the RBA (BTW, the word will be ‘No Change’ .. OK, two words):
2330GMT (730pm NY time):
- ANZ Roy Morgan weekly Consumer Sentiment for the week ended August 31, prior was 113.5
0130GMT (930pm NY time):
- The quarterly BoP Current Account balance, today its for Q2, expected is -14.0bn, prior was -5.7bn
- Also, the ‘net exports as a % of GDP’ for Q2, prior was 1.40%
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OK, drumroll please …
0430GMT (0030 NY time) … The RBA announcement (hey, why wait … like I said .. “No Change”, cash rate to stay at 2.50%). Given the lay down misere of the announcement, attention will turn immediately to the accompanying statement. I’ll be back with a preview soon.
BUT … if ya can’t wait … here’s a preview I already did yesterday, but I’ll do a fuller one today: PREVIEW of RBA & Australia interest rates – The RBA ‘shadow board’ on what to expect from the RBA
And here’s Adam’s technical analysis preview: Technical analysis: Australian dollar ahead of the RBA decision
