Inflation: raising interest rates was never the right medicine 
Will the RBA raise rates again? Unless prices surge over summer, it's looking less likely 
Governments have been able to overrule the Reserve Bank for 80 years. Why stop now? 
RBA's latest forecasts are grim. Here are 5 reasons why 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: October trade balance came at $2.32 billion, with exports rising by 3 percent and imports rising by 1 percent. Retail sales rose by 0.3 percent in October.
Upcoming:
- Germany: Factory orders report will be published at 7:00 GMT.
- United States: Challenger jobs report will be published at 12:30 GMT, followed by ADP employment report at 13:15 GMT and weekly jobless claims report at 13:30 GMT. ISM non-manufacturing PMI report will be released at 15:00 GMT, along with October factory orders report. EIA will release weekly crude oil and natural gas inventory report at 15:30 GMT. FOMC member Bostic is set for a speech at 17:15 GMT, and Williams at 23:30 GMT, and Chair Powell at 23:45 GMT.
- Canada: Trade balance report will be released at 13:30 GMT. BoC governor Poloz is set for a speech at 13:50 GMT.
- Japan: Household spending report will be published at 23:30 GMT.
- Auction: The U.S. will auction 1-month bills at 16:30 GMT.
