Boing, Boing, thud.
Barclays Pushes Back their Australia Interest-Rate Hike Call to 2019.
RBA rate is currently at 1.50% and seems to be settled there for the year according to Barclays.
Previously Barclays had seen two hikes coming in during November 2018, so they are backpedaling their expectations.
The good news is that these kind of adjustments by major financial players highlight the opportunity there is the moment they look like they are wrong footed. One for holding onto at the moment, but keep an eye on AUD as shifts from this dull status quo will result in lots of position changing. The AUD would be jumping like a kangaroo on any shifts...
