Good morning, afternoon or evening all and welcome to Tuesday trading in Asia. There is very, very little on the data front today, Reserve Bank of Australia meeting the focus

Here is what is coming up (and note - China holiday again today, they're back on Thursday this week):

2100GMT, New Zealand Institute of Economic Research (NZIER) Q3 Business Opinion Survey

2230GMT, ANZ Roy Morgan weekly Consumer Sentiment

  • prior was 110.6

0030GMT, Australian trade balance for August

  • expected is -2.4bn, prior was -2.46bn

Australian trade balances are showing big deficits, the fall in commodity prices has had a huge (negative) impact on export earnings. We've seen a bit of a rebound and this may result in a lower deficit this month (August reading today), but the rebound should be more fully reflected in September.

0330GMT, RBA announcement (no change in rates expected). I've already posted a few items on the RBA today (and I'll have more to come):

  • RBA meeting this week-NAB's 6 reasons the central bank will remain on hold
  • RBA meeting this week-Westpac on what to expect (Spoiler ... Hold)
  • Australian weekend press: RBA may need to cut rates in November, economists say
  • UBS on central banks in the week ahead - BOE, BOJ and RBA meetings, plus Fed, ECB

    • For those that are LiveSquawk subscribers, Anthony Barton has a huge beast of an RBA preview up too, well worth checking out. (If you are not a subscriber LiveSquawk offer a free trial)

    And, finally, a heads up for NZ dollar traders; during the London timezone Tuesday we have the Global Dairy Trade auction. I'll post up a preview a little later (spoiler, look for a rise in price again at this auction).