Welcome to the first Tuesday of the month, and RBA day

Coming up:

  • 2330GMT - Australia - Weekly consumer sentiment, prior 115.5
  • 2350GMT - Japan - Monetary base for July
  • 0000GMT - New Zealand - QV house prices for July, prior +13.5% y/y
  • 0130GMT - Australia - Trade balance for June, expected -2bn, prior -2.218bn
  • 0130GMT - Australia - Building approvals for June. For the m/m expected +0.8%, prior -5.2% and for the y/y expected -2.4% & prior -9.1%
  • 0300GMT - New Zealand - Q3 2 year inflation expectations, prior 1.64%
  • 0430GMT - Australia - RBA decision and statement. More on this to come.

RBA:

  • What's in store for AUDUSD as we head towards the RBA?
  • RBA to disappoint and AUDUSD will go above 0.80
  • Reserve Bank of Australia meeting tomorrow - here comes another cut!