So Much News to Follow This Week
Hello, and welcome to the last week of August. We found the best news and collected the most impactful events for you to stay on the top of the market. Let’s go!
An opportunity to trade the AUD.
The Reserve bank of Australia (RBA) is going to deliver its statement at 5:30 MT time on November 6.
The statement will contain an outlook on the monetary policy of the country and offer clues on future rate decisions. For now, AUD/USD has been trading within a long-term downward channel. That is why it is so important to follow RBA’s comments.
• If the RBA comments are hawkish, the AUD will rise.
• If the RBA comments are dovish, the AUD will fall.
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