The ASX Futures Market
The ASX Futures Market has had a fairly dramatic change of heart when it comes to the RBA cash rate over the last fortnight. The chart below shows there is a strong chance the RBA cash rate will “FALL” by 0.25% in September.

There is even a 50/50 chance that rates may fall by a further 0.25% in April 2012. We are also seeing the many major banks & lenders reducing their fixed rates over the past week.
The high Aussie Dollar is starting to take its toll on some sectors of the economy and the European debt crisis is not going away. As a result of this negative sentiment, the market is factoring in a need for the RBA to stimulate the economy rather than slow it down.