Stocks of Australian Banks Exchange Strongly

Yesterday we received the report from the Royal Commission on Banking.

Justin was everywhere:

In previous months, Australian bank stocks had been hit with sticks. As I suggested yesterday, it was a case of purchase.

And, something to watch for … market rumors that bank stocks are not limited to just rising central banks … some of the pressure on bank financing may be eased today … by a RBA rate reduction! That will not happen, but a little gossip will not surprise us.

AUD is already losing some ground (ps it looks dramatic but check the scale, small movement only):

What will the RBA do today? Previews already posted:

ForexLive