"Anyone looking at positions prior to the RBA decision at 2:30pm...

"Anyone looking at positions prior to the RBA decision at 2:30pm today?"

Most are expecting a 0.25% raise today, which may be why the XJO is down slightly today in anticipation. If the RBA decision is 0.25% then the XJO will probably dip at first, but it could soon recover because this would essentially be a non-event, despite the usual howls in unison from economically moronic media hacks.

If the RBA decision is only 0.15%, using as an excuse that inflation has started to fall, then the XJO will probably surge.

If the RBA decision is 0.5%, which in my opinion ought to be the minimum raise today, then the XJO would plummet. Considering the RBA's track record, I think that 0.5% is less likely than the RBA board resigning (which is less likely than a major asteroid impact).

So, overall, it's a hold for me.

If the rise is 0.25% as expected, then markets may regard any words from the RBA as significant. As the RBA seems to usually be wrong, then it might be profitable to bet on the opposite direction of whatever the RBA says.