The Traderszone Network

Beleaguered by a slower-than-expected production ramp-up of electric-car maker Tesla Motors‘ (NASDAQ: TSLA) late 2015-launched Model X, first- and second-quarter vehicle deliveries in 2016 were below management’s own expectations. These missed targets have left Tesla behind on its aggressive goal to boost deliveries by 58% to 78% this year. But there could be one catalyst positioned to help Tesla still deliver enough vehicles to at least hit the low end of its guidance range for 80,000 to 90,000 vehicles this year: its new, less expensive versions of Model S and X.

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Mr. T speaking with media
– Most would have expected RBA to cut rates sooner
– Commercial banks should pass on full RBA rate cut

The thing about our Prime Minister, he has sort of just assumed he would one day be PM. (As, indeed, he is). As such, he has seen himself sometimes as being above the political fray to some extent (this is all IMHO, of course). Which means he is not really much of a politician.

Earlier today North Korea fired a missile into the sea as part of a test
You know why two thirds of the planet is covered with water? Its so North Korea have a decent chance of hitting the target.

Japan’s spending plan, panned as too small, may have already had one big effect: Pushing negative bond yields toward the zero line.

Via Reuters, news on new vehicle sales from the Australian Federal Chamber of Automotive Industries’ VFACTS report
– 91,331 new vehicles were sold in July
– Down 1.1 percent on July last year (July this year had one less selling day and sales per day were up by 93.9 vehicles)

AUD/USD has ticked a little higher
– Bids are coming in from those slow to get on board after yesterday’s post RBA rally
– AUD bids also coming from buyers of AUD/NZD (this is weighing on the NZD somewhat)
AUD/NZD;

China’s top economic planner pledged to reduce companies’ financing costs by cutting interest rates as downward pressure on economic growth increases.
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