We are now starting to see the economy weaken despite a rise in the number of jobs created of 14500 …forecasters are expecting the rate to rise to 5.5% in teh coming months which would allow the RBA to move again..

Although the  headline is higher the market is taking heart from the number of positins created and the RBA being pushed towards another rate cut before Xmas…if they do move it will help retailers and exporters!

I still believe that the RBA will hang fire for the time being!

Clarence

xxx