Today's psychology had me confused, farmerge. If they think it'll go higher, they won't be selling. Maybe AI is pushing the stocks down to buy cheaper later? If they push hard enough, small investors cave in. Am I making sense?
RBA cash rate
- Thread starter grandia3
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@eskeys pretty well spot on.
When it comes to a paper loss there are plenty of sacred rabbits out there bailing out on a whim or "will the SP of whatever is being held, will it drop lower".
From my perspective a drop is generally followed by a rise, perhaps not as quickly as some would like but that is the nature of the Stock market.
Sure, I have been caught out couple of times, recently as last Friday, as I quit some holdings on the assumption I was going to be laid up in hospital for about 2 weeks, only to be discharged on Sunday afternoon because of an infection in the lungs.
Sadly, that did cost me some coin, but what it is, is.
It's cheaper for foreign currency if our dollar drops, and CSL was down a lot lately. It's international so not affected today.(hope I'm on the right track) Having said all that, it's still a blur to me...our market is very small in comparison to other markets, maybe it's cheaper for them to invest in Asia/somewhere else. Anyway, I'm happy with the rate cut today so long as the banks pass on the cut.
Good night, folks, good luck for tomorrow..
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according to some commentators , the market spooked when it thought it heard 'no more rate cuts in the near term ' , so MAYBE the market was expecting more ( a bigger cut or more of them )
whatever was said certainly didn't lift the markets after the announcement
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well according to consensus , 90% expected the cut , so did they hope for a series of cuts OR 0.5% ( certainly more than 0.25% )
well i am hoping to 'buy cheaper , later ' if AI agrees with me why would i need to buy AI subscriptions
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CSL makes USD prfit, if RBA lower rates -> AUD should fall vs USD ..aka USD should rise;
As a consequence, profits of CSL in AUD should be higher tonight than yesterday: CSL should rise.
That is economic logic..but share market and economics...
I looked:
today CSL up 2.14%..make economic sense
Don't say that. I just bet our dollar was going to rise. Market hopefully already priced in the rate cut previously. Now I've said that the dollar will probably drop like a stone
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I hope, just bought USD etf today
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A good article on the workings of the RBA,
Drum beats and politics: how RBA rate calls are really made
The Reserve Bank board has always done what it believes is right. But former senior officials say it hasn’t stopped successive governments from trying to get their way.
www.afr.com
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At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances at 4 per cent.
Statement by the Monetary Policy Board: Monetary Policy Decision | Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances at 4 per cent.
www.rba.gov.au
Knobby22
Mmmmmm 2nd breakfast
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Terrible day to make a decision. Might as well have cancelled.At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances at 4 per cent.
Statement by the Monetary Policy Board: Monetary Policy Decision | Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances at 4 per cent.www.rba.gov.au
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LOL
it just meant no extra tailwind for Albo
otherwise any decision was pointless in the current climate ( too little , too late , too sad )
it just meant no extra tailwind for Albo
otherwise any decision was pointless in the current climate ( too little , too late , too sad )
Dona Ferentes
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Traders are now fully priced for the RBA to reduce the cash rate by a quarter of a point in May, up from a 70 per cent chance before Trump’s “liberation day” tariffs.
They now expect a total of 90 basis points of easing over the next 12 months, the equivalent of between three and four reductions.
They now expect a total of 90 basis points of easing over the next 12 months, the equivalent of between three and four reductions.
Knobby22
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Bit of market betting that the RBA may have an emergency meeting and lower interest rates as occurred in the GFC and many other occasions over the years.
Can't see it myself. It's a short election campaign and they will be accused of affecting the election and I don't think they are that urgently needed.
Just bad luck they had to make their last decision just before "Liberation Day".
Can't see it myself. It's a short election campaign and they will be accused of affecting the election and I don't think they are that urgently needed.
Just bad luck they had to make their last decision just before "Liberation Day".
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the cut should have happened earler , if they were going to save our 'strong robust economy '
but i still think they needed to get to 5% first to give themselves some wiggle-room for the downside i expect to happen ( eventually )
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Deutscte Bank reckon we are going to get 50BPS in May.
I would have thought such information would have caused a fall in the AUD, however it as actually gone the other way.
I find it strange, are they suggesting that all the tariff chaff being thrown around will send Inflation down?
I thought everyone said that tariffs were only going to increase the price of everything.
There is some weird **** going down.
Mick
Knobby22
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Increased inflation in the USA, not here. why should it?
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