
The Reserve Bank of Australia will make a rate statement on March 2, at 5:30 MT time.
However, tensions around the Iranian deal still exist. On Sunday, the US threatened to impose sanctions on European companies that do business with Iran.
So oil will stay volatile depending on the results of the political actions.
However, a progress in the NAFTA deal is in the offing. US lawmakers are optimistic about the deal, moreover, they want a deal by Thursday. So the loonie has chances to recover. Up to date, USD/CAD is standing still. No important data for the loonie will be released neither today nor on Tuesday. So the further movement will depend on the political announcements and the USD’s data.
That is all for today. Follow markets news with us!
The Reserve Bank of Australia will make a rate statement on March 2, at 5:30 MT time.
Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time.
Stock indices S&P 500 and Nasdaq are falling for seven days in a row. The New Zealand dollar skyrocketed to almost two-years highs. Fed’s Powell held a meeting yesterday and said that the central bank wouldn’t tight its easing policy anytime soon.
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
The risk-on is back on the market as investors focus on the projections for a stronger-than-expected economic rebound and the Fed’s pledge to prolong support for the rest of the year.
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