Jobs data comes out this morning. I've given up speculating on whether it will go up or down because I simply don't believe the no's. However, the markets and the RBA seem to give some credence to the numbers so it will be interesting to see how they come out. A bad no. could change the prospects of the RBA lowering rates much earlier than the current expectations by the market. RBA rate tracker is at 83% for no change in Feb and most commenters seem to think rates are on hold for the rest of the year. Given that these talking heads have appalling track records maybe a rate cut isn't that far away.
