Market Analysis: There is still some uncertainty in the Reserve Bank of Australia's meeting this week.

The market generally expects the Reserve Bank of Australia to cut interest rates on Tuesday. Moomoo Australia's market strategist Michael McCarthy said that short-term bond traders are betting that the rate cut could be even more than 0.25 basis points. However, he also said that many analysts seem to overlook the fact that just because the Reserve Bank of Australia can cut rates, doesn't mean it will. Despite the 2.7% core inflation rate providing room for action for the Reserve Bank of Australia, the 4.3% unemployment rate means that the Reserve Bank of Australia does not have any pressure to cut rates. However, he also said that if the decision is made on Tuesday not to cut rates, it could have a significant impact on the Australian stock market.