According to analysts at Westpac, Tuesday’s RBA meeting is of key importance after the Australia’s soft Q1 CPI reading dramatically increased the likelihood of near term action from the RBA. Key Quotes “Market pricing for a cut in May skyrocketed to near 70% immediately following the print, thought has settled on just shy of 50% priced for the past week. Current pricing suggests a 49% likelihood of a move.” “We continue to believe the RBA will move to an easing bias at their 7 May meeting which will be clarified in the 10 May Statement on Monetary Policy. This will set the stance for our forecast of 25bps cash rate cuts in August and November.” 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 USD/TRY firmer, clinches 2019 highs beyond 6.00 FX Street 3 years According to analysts at Westpac, Tuesday's RBA meeting is of key importance after the Australia's soft Q1 CPI reading dramatically increased the likelihood of near term action from the RBA. Key Quotes "Market pricing for a cut in May skyrocketed to near 70% immediately following the print, thought has settled on just shy of 50% priced for the past week. Current pricing suggests a 49% likelihood of a move." "We continue to believe the RBA will move to an easing bias at their 7 May meeting which will be clarified in the 10 May Statement on Monetary Policy. This will… 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.
