Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.
Bank of Japan’s Meeting & Press Conference
|The Bank of Japan will join central banks’ September meeting marathon. Japanese regulator is expected to continue its extremely loose monetary policy aimed at reaching 2% inflation target. The regulator’s statement will come out at 06:50 MT time on September 21, and its press conference will start at 09:30 MT time.|
|The regulator’s meetings always give USD/JPY and EUR/JPY traders opportunities to make money during the Asian session.|
Risk assets are recovering after a losing streak in the previous week as progress in the extra US stimulus package improved the market sentiment.
Latest news and the technical analysis fo major pairs are here!
Great news for oil bulls! OPEC and its allied producers agreed to expand output cuts for the next month.
The USD skyrocketed after Fed Powell’s speech. OPEC and allied producers agreed to extend production cuts for another month. Oil surged.
The European Central Bank publishes its monetary policy statement that includes an announcement of the interest rate on March 11, at 14:45 MT time.