Australia AUD

Australia RBA Jones Speech

Impact:
Medium

Latest Release:

Date:
Actual:
 
Forecast:
Previous/Revision:  
Period:
What Does It Measure?
The RBA Jones Speech measures sentiments and perspectives from the Reserve Bank of Australia's officials regarding economic policies, monetary policy direction, and broader economic conditions. It primarily focuses on economic stability, inflation control, and employment prospects, often touching on key indicators such as interest rates and economic growth.
Frequency
The speech is typically delivered at irregular intervals, corresponding to specific events or gatherings, and is not released on a fixed schedule.
Why Do Traders Care?
Traders closely monitor the RBA Jones Speech as it offers insights into future monetary policy actions, which can influence currency values, particularly the Australian Dollar (AUD), as well as stock prices. A hawkish tone may strengthen the AUD and boost equities, while a dovish outlook could lead to depreciation of the AUD and a decline in stock prices.
What Is It Derived From?
The content of the speech is derived from comprehensive analyses conducted by the RBA, which include economic indicators, market assessments, and forecasts based on current economic conditions. The speaker's insights are shaped by various data sources, including inflation rates, employment figures, and consumer sentiment surveys.
Description
Preliminary reports from RBA speeches provide an immediate view of the bank’s stance and expectations but are subject to later clarification or revision during subsequent formal communications. The standard measure here does not rely on Month-over-Month, Quarter-over-Quarter, or Year-over-Year comparisons, as the speech encapsulates qualitative insights and immediate implications rather than quantifiable data.
Additional Notes
The RBA Jones Speech serves as a leading economic measure reflecting future monetary policy changes, often correlating with shifts in market sentiment and economic forecasts. It is often compared with other economic indicators such as inflation reports or GDP statistics to give a fuller picture of economic conditions.
Bullish or Bearish for Currency and Stocks
Depending on the tone of the speech compared to market expectations: higher than expected may be bullish for AUD, bullish for Stocks, while lower than expected may be bearish for AUD, bearish for Stocks. If a hawkish tone is detected, signaling higher interest rates or inflation concerns, it is usually bullish for the AUD but bearish for equities due to increased borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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