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Showing 21 - 30 of 38 results for "Cup Day"

Market Wrap

AAP  |  MONDAY, 5 NOV 2012
... Smith said there would not be much life in the market over the coming days, ahead of the US elections and a Melbourne Cup day interest rate decision from the Reserve Bank of Australia. "We will be quiet until we can get through probably tomorrow and ...

More jobs, more jobless

BENJAMIN ONG  |  FRIDAY, 12 OCT 2012
... downgrade to the global outlook, has increased the odds that the RBA would deliver another rate reduction on Melbourne Cup day. It cannot afford to sit and wait while other central bankers debase their currencies -- that which erodes Australia's competitiveness ...

Cup Day: Aussies to win

BENJAMIN ONG  |  THURSDAY, 27 OCT 2011
... yesterday's oh so good inflation reading. So good that an RBA rate cut has become the odds-on favourite come Melbourne Cup Day. Financial markets now place a 96% probability that the Australian central bank will announce a 25 bps reduction on 1 November ...

Fed & RBA on the ball

BENJAMIN ONG  |  THURSDAY, 18 NOV 2010
... Reserve Bank of Australia did too. Remember the consensus bet that the RBA will not raise interest rates on Melbourne Cup Day... but then it did? Latest wages data show that it got it right. The Australian Bureau of Statistics' Labour Price Index surged ...

The Cup, the RBA and the Fed

BENJAMIN ONG  |  MONDAY, 1 NOV 2010
... that betting on the RBA's decision on monetary policy underwent more if not as much analysis as which horse to back on Cup Day. That may be. But the repercussions on the domestic economy would be much greater than just tearing up a losing ticket if the ...

Punting on next week

BENJAMIN ONG  |  WEDNESDAY, 27 OCT 2010
... would determine whether or not the Reserve Bank of Australia would raise the official cash rate next week on Melbourne Cup Day. This should give punt loving Australians enough to bet on next week - the Fed's QE2, the RBA and the horses. Consensus is ...

25 bps to win Melbourne Cup

BENJAMIN ONG  |  WEDNESDAY, 21 OCT 2009
Two major Australian events are fast approaching - Melbourne Cup Day and the RBA Board meeting. With two weeks to go till 3 November, punters are already eagerly punting on either Viewed or Efficient to win and the RBA to lift interest rates by 25 or ...

Rejoice for rates have risen

BENJAMIN ONG  |  WEDNESDAY, 7 OCT 2009
... Why? Because it is almost certain - 71 per cent probability -- that the RBA will follow-up with another hike on Melbourne Cup Day (3 November). And then...five more by June next year and two more before 2010 is over - all in all, a 200 basis point increase ...

October mourn

BENJAMIN ONG  |  MONDAY, 3 NOV 2008
... Eurozone are expected to each produce interest rate reductions of 50 basis points. Tomorrow Australia celebrates Melbourne Cup Day - the 'Race that Stops the Nation' - at the same time that the US holds its Presidential Elections - the 'Race that May ...

Pass the paracetamol

SUZY MAC  |  WEDNESDAY, 7 NOV 2007
As nabCapital's Robert Henderson puts it, "those post-Melbourne Cup day hang-overs are about to get a lot worse for mortgage holders", and there is still a good chance of more interest rate headaches over Christmas. The Reserve Bank of Australia in ...