Finally, RBA pounds Australian dollar

The Australian dollar has so far gotten what was pretty clearly dovish message from the RBA statement. More cuts and/or QE are coming:

Bonds are bid even if a bit slower on the uptake:

Stocks like it too:

Though not Big Iron which is down with more sell side downgrades. Those head and shoulders patterns are scary:

Big Gas is sinking:

Big Gold also looks pretty scary:

Big Banks are struggling as their margins go up in smoke:

The big winners are the real estate listing media scum:

Let’s see how we go tonight. Banks will hit the Aussie if they hold back cut. DXY is also very strong so some chance of new lows for the AUD.