RBA rate decision in 5 minutes!

Let's look at the data last night.

US factory orders fell down to 0.5% whereas the US pending home sales index rose up to 4.3%.

Euro stays under pressure this morning trading to a low of 1.3644. European debt worries seem to be holding up as Ireland’s central bank cuts growth forecasts for 2010 and 2011.

Australia retail sales came down to 0.3% and the trade balance increased to +2.346 bn. Aussie seems to have come off to a low of 0.9650. Will have to wait and see what happens at the RBA rate decision.

Data today

RBA rate decision 3.30am GMT

German PMI services – 7.53am GMT

Eurozone PMI composite – 7.58am GMT

Eurozone retail sales – 9am GMT

UK PMI services – 8.30am GMT

US ISM non-manufacturing composite – 2pm GMT