Only one problem with weekends - not much data to report!
Fear not, for next week we have some huge releases, including (among other releases on lending finance, trade, and overseas arrivals/departures) the ABS Housing Finance data on Thursday followed by the all-important Labour Force figures for February on Friday.
The RBA's Phillip Lowe will also undertake a speech on demographics, productivity and innovation (not everyone's cup of tea, granted!).
And, more interestingly, we'll start the week by seeing how share markets plan to respond to a sharp drop in certain commodity prices, and I'll kick off tomorrow with a detailed and in-depth look at the long-awaited supply response in Sydney's extremely tight housing market.
Instead of the usual platitudes, I'm going to try to make an estimation of when apartments will start to hit the market in droves and where.
In the meantime, the ASX 30 Day Interbank Cash Rate Futures April 2014 contracts last traded at 97.510, which some mental gymnastics should tell you that the expectation of an interest rate decrease to 2.25% at the next RBA Board meeting on April 1 is deemed by markets to be extremely unlikely
That's around a 1-in 25-chance.
In fac, thanks to stronger GDP, inflation, commodity exports, housing finance, house prices, building approvals,company earnings, share prices, business conditions and retail trade data the ASX 30 Day Interbank Cash Rate Futures Yield Curve has almost - almost! - priced out no further dips.
The one key missing element is better employment data.
As for dwelling prices, RP Data's Daily Home Value Index shows Sydney to be leading the way over the past year, and Melbourne notching a quite extraordinary couple of months.
Meanwhile Adelaide and Brisbane are fighting valiantly to recover the previous home values they reached in 2010.
Perth appears to have plateaued.
Back tomorrow with details on Sydney housing supply...
Source: RP Data
This weekend's movie at Broadway was Dallas Buyers Club starring Matthew McConaughey.
Great to watch a film about a different subject rather than the usual formulaic stuff.
Really excellent and 8.5/10 for me (realised that ranking out of 5 doesn't leave much scope for variation, so out of 10 it is...).