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CZECHIA

EURCZK Consolidates Back Towards 100DMA

STIR FUTURES

Pausing After Powell “Prepared To Do More”

OIL OPTIONS

Crude options move to cover downside

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Price Signal Summary - Bear Flag Breakout In EURUSD

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RBA
RBA: The minutes from the RBA's October MonPol decision reiterated that the next
move in the cash rate is likely to be an increase, and that there is no strong
case for an adjustment to MonPol in the near term. The Bank also noted that the
depreciation in the A$ was likely helpful for economic growth, and that data
point to solid GDP growth in Q3, although growth will likely to moderate from
the pace observed in H118. The Bank still remained cautious stressing that
uncertainty surrounding the consumption outlook is still an important
consideration.
- The Bank noted that "growth in unit labour costs .. had been subdued for a
number of years .. and had led to downward pressure on underlying inflation."
However, this came after the Bank highlighted that "Job vacancies had increased
a little in Q3 & had remained historically high relative to the size of the
labour force. Taken together with other leading indicators of labour demand ..
this continued to suggest that employment growth would exceed population growth
in coming months, which was expected to result in further gradual absorption of
spare capacity in the labour market."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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