and it's all a poofteenth of a fly's fart - because simply the MENTION of the US raising rates sent our stock market into a tailspin.
Perhaps another IR Drop
- Thread starter MTR
- Start date
and it's all a poofteenth of a fly's fart - because simply the MENTION of the US raising rates sent our stock market into a tailspin.
game changer medium / long term.
http://www.news.com.au/finance/econ...-investment-bank/story-e6frflo9-1227286037463
http://www.news.com.au/finance/econ...-investment-bank/story-e6frflo9-1227286037463
This is the tipping point of when China truly becomes a superpower.
...and no country needed freedom or liberation to do so.
Hard to go wrong if the odds for a May cut (assuming April doesn't come through) are similar. I put some winnings from my bet on the Feb decision on at $2.5 as well.
overnight sporstbet odds went from 2.20 to drop 0.25 / 1.80 odd stay the same to 1.87 both ways
I've kept an eye on that too. There was a day where it flew up to $3.00, then quickly back to $2.50 or $2.30. It's at $1.72 at time of writing.
I have $200 on interest rates to remain unchanged @ $2.15.
I just don't think there has been as much time for the RBA to assess the impact of the last change and with the prospect of a US interest rate rise I think the RBA will be waiting and seeing.
I just don't think there has been as much time for the RBA to assess the impact of the last change and with the prospect of a US interest rate rise I think the RBA will be waiting and seeing.
RBA's rate tracker (yesterday) states that there is 75% chance of an interest rate cut next Tuesday. Australian $ dropped overnight in anticipation.
My prediction? Likely this Tuesday but if it doesn't happen 100% sure it will in May.
Until they stop using squat toilets I won't consider them a super power.
I'm keeping my money for my next IP. A safer bet .
Cliff
Cliff
I would be surprised if they don't drop .25 next week.
I don't think the last few drops have kicked the economy along as well as what they hoped for. The 'wait and see' approach is now a bit old.
I dare say that will be it for a few months though. I don't see them moving the rates again until next year (be it up or down) unless there is some kind of significant event/change.
Blacky
It looks likely.
http://www.abc.net.au/news/2015-04-01/home-prices-keep-rising-led-by-sydney-surge/6363916
"We can't see the Reserve Bank making a decision based on the housing market, particularly a single capital city housing market," he said.
"There's other economic concerns, and lower interest rates to fuel economic growth and bring the Australian dollar lower I think will be at the forefront of their thinking."
http://www.abc.net.au/news/2015-04-01/home-prices-keep-rising-led-by-sydney-surge/6363916
"We can't see the Reserve Bank making a decision based on the housing market, particularly a single capital city housing market," he said.
"There's other economic concerns, and lower interest rates to fuel economic growth and bring the Australian dollar lower I think will be at the forefront of their thinking."
pretty big swing in 24 hours! now at..
Decrease by 0.01% to 0.25% $1.52
Stay the same $2.40
Iron ore babyyy
Now below $US 50
Now below $US 50
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