Expectations for a PBOC reserve requirement ratio cut Friday

Earlier this week  ANZ was out with a forecast for a 50 basis point cut in the RRR, or a  targeted MLF. (MLF is a medium term lending facility –…

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Westpac have cancelled their October RBA rate cut forecast

Now forecasting November instead, at the Nov 3 meeting. NAB is October or November CBA and ANZ are both not in October either.

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Australia data – ANZ Job Ads for Auguist : +1.6% (prior +19.1%)

A revision for the prior, was +16.7%, revised to +19.1%

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Supportive factors for the price of gold are still in place – further upside.

A snippet from ANZ’s latest on commodities, this on gold: ANZ hold a bullish outlook for the week and month ahead. 

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New Zealand ANZ Activity Outlook fell from previous -8.9% to -17% in August

New Zealand ANZ Activity Outlook fell from previous -8.9% to -17% in August

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