ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
Is the RBA to hold the rate?
The Reserve Bank of Australia’s release of the interest rate is at 5:30 MT on November 5. There are strong opinions among the analysts that there will be no rate cut announcement on November 5 meeting, so the market expects it to stay at 0.75%. Although the Australian financial authorities previously expressed their will to stimulate the economy and lift the inflation rate through rising wages, it has been outlined that households and savers would suffer more if the rate was lowered. For this reason, no change is expected this time, but let’s keep our eyes open.
- If the RBA is hawkish, the AUD will rise
- If the RBA is dovish, the AUD will fall.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
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!
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.