I thought I will share my notes ... I gauge direction primarily...

I thought I will share my notes ... I gauge direction primarily through US federal reserve and RBA minutes and statements.
It is because they: play a large part on deciding on the direction of the economies, have accesses to raw economic data, evaluate them, and write their evaluation elaborately on the reports, they spell out on what they look for and thoughts on direction in these minutes/reports.
And as I trade conservatively, according to the major trend, I rely on these reports to gauge trend.

RBA statement July:

- bond yield target 10Y to be maintained at .10%

- purchasing is maintained until at least mid November (WILL BE DECIDED IN THE NOV MEETING)

- has indicated: tapering will start before cash rate hike

thus, high inflation is temporary

- cash rate to be maintained at .10%

- inflation to return to 2-3% target (current = 1.1%) and they expect this to be in 2024 to be in 2-3%

note: 2-3% after tapering

- they expect to taper when wage growth is above 3%

conclusion for XJO, trading wise:

- imminent change (november) to flatten then downwards

- to continuously monitor:

— wage growth , embedded in the job numbers

so job announcements from now to november will be key

— november announcement will be key

— now to november, to be safe, stay out of xjo because trend is being decided