Online Forex broker
Australia is going through a difficult period. The political leadership of the country has changed as Malcolm Turnbull lost the seat of Prime Minister. Although experts do not think that these events will have serious consequences for the market, the Australian central bank will be expected to lend some support to the country’s economy.The Reserve Bank of Australia will announce its rate decision at 07:30 MT time on September 4. At its last meeting the RBA, confirmed that the next change in the cash rate will be an increase. However, the central bank doesn’t plan to raise the rate anytime soon. According to the central bank, keeping the cash rate at the current level of 1.5% helps to reduce the unemployment rate and lift wage growth. Traders will focus their attention on the RBA statement and its comments about Australian economic outlook.
• If the RBA is positive about Australia’s economic prospects, the AUD will gain.
• If the RBA stresses political risks or sounds cautious about the economy, the AUD will decline.
On Wednesday, Bitcoin managed to rally in the face of mixed crypto trading reacting to news that Seed CX is geared up towards capturing institutional traders via a bitcoin spot trading market…
On Wednesday, the Japanese yen headed south versus its major peers because investor risk appetite improved during Asia trade, although worries over decelerating global surge and US-China trade clashes will probably cap gains in risky assets…
On Tuesday, the evergreen buck managed to stabilize in Asia because the International Monetary Fund had its 2019 as well as 2020 global surge forecasts cut overnight…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
