AUD: Australia Releases Labor Data
Australia will release the employment change and unemployment rate on August 19, at 04:30 MetaTrader time (GMT+3).
How will AUD React to the RBA Rate Statement?
What will happen?
Reserve Bank of Australia will announce the interest rate at 07:30 (GMT+3) on Tuesday, September 7.
It's among the primary tools the Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.
In the past statement on August 3, RBA did not make any changes in the interest rate and government securities purchase rate, but at the same time it announced that the economic recovery has been stronger than it was earlier expected. AUD/USD grew by 0.5%.
How to trade on the RBA Rate Statement?
- If the statement is more hawkish than the forecast, the AUD is likely to strengthen against other currencies.
- If the statement is more dovish than expected, the AUD is likely to weaken against other currencies.
Instruments to trade: EUR/AUD, AUD/USD, AUD/CAD
Similar
Gold May Form Double Top & Flat Strategy for S&P
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!
Will the RBA Add Strength to the Aussie?
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
Latest news
German Ifo Business Climate
Germany, the leading economy in the Euro Zone, will reveal one of the key economic indicators – German Ifo Business Climate on September 24 at 11:00 MT time.
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Big Event for GBP: Bank of England’s Statement
The Bank of England will hold a meeting on Thursday at 14:00 MT time (GMT+3).
Deposit with your local payment systems
