Headline points from the RBA:

• Low Rates Supporting Economy
• Progress On Unemployment, Inflation Expected To Be Gradual
• A$ Has Fallen Against US Dollar, Along With Most Other Currencies
• In H1 2018 Economy Estimated To Have Grown At An Above Trend Rate
• A$ Remains In Range Of Past Couple Of Years
• Wage Growth Remains Low
• Pickup In Wages To Be Gradual
• Labour Outlook Remains Positive
• GDP Growth To Average A Bit Above 3% In 2018, 2019
• Tighter Bank Regulations Have Helped Contain Housing Risks
• Household Consumption A Source Of Uncertainty
• Housing Markets Have Slowed In Sydney, Melbourne

So basically, the RBA are nowhere near hiking rates.

Check out the following chart levels in the context of continuation of Aussie shorts we've been talking about, last week:

The continuation is on.

Best of probabilities to you.

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@danewilliams | Steemit Blog

Market Analysis

Twitter: @danewilliamsau