Analysts at TD Securities are looking for a 25bps cut at tomorrow’s RBA Board meeting but it is far from a done deal. Key Quotes “OIS is 42% priced for -25bp while the median is 1.25% (barely, at 14/26).” “The decent Q1 core CPI miss & consecutive soft GDP prints suggest the RBA need not wait for a trend pickup in unemployment in order to cut tomorrow.” “The market could see a dovish cut if more cuts lie ahead via significant downgrades to GDP/CPI forecasts (confirmed in Friday’s SoMP). We look for -0.5pp for GDP & -0.3ppt for core CPI in 2019.” “We expect an explicit easing bias if the RBA keeps rates on hold. OIS is then likely to price the next cut in August if the RBA focuses on weaker inflation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FX Today: Risk killed in Asia on fresh US-China trade woes; Eurozone PMIs eyed FX Street 3 years Analysts at TD Securities are looking for a 25bps cut at tomorrow's RBA Board meeting but it is far from a done deal. Key Quotes "OIS is 42% priced for -25bp while the median is 1.25% (barely, at 14/26)." "The decent Q1 core CPI miss & consecutive soft GDP prints suggest the RBA need not wait for a trend pickup in unemployment in order to cut tomorrow." "The market could see a dovish cut if more cuts lie ahead via significant downgrades to GDP/CPI forecasts (confirmed in Friday's SoMP). We look for -0.5pp for GDP & -0.3ppt for core CPI… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
