Trade ideas on May 29
Let’s look at main movements on the market.
Bank of England’s Meeting
| The UK economy is recovering despite the negative impact of Brexit negotiations. As a result, traders have reasons to expect that the Bank of England may raise interest rates soon, but not this time. The regulator will announce its decision at 13:00 MT time on March 22. Hawkish comments will be enough to send the GBP up. The BOE will also release the minutes of the meeting. The pound will strengthen if at least some members of the Monetary Policy Committee vote for a rate hike. On the other hand, if the Bank of England doesn’t appear ready to increase rates in the foreseeable future, the pound will fall. |
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All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
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Latest news
Trade ideas on May 29
Let’s look at main movements on the market.
EUR: beating the USD so far
Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
All attention to AUD: cash rate and RBA statement
The Reserve Bank of Australia will make a statement and release the cash rate on Tuesday, June 2, at 8:30 MT time.
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