Australia will release employment change and an unemployment rate on Thursday, November 11, at 02:30 MT (GMT+2).
The RBA: keeping the AUD alive?
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, EUR/AUD
Each month except January the RBA releases the rate statement, which helps to keep investors informed about the bank's current monetary policy. Also, it reviews the economic outlook of the country and offers clues on its further decisions. Recent comments by the RBA Governor Philip Lowe were positive for the bulls of the AUD. According to his words, the rising currency is not a problem at this point. He noted that Australia was doing better than other countries amid the coronavirus crisis and mentioned strong commodity prices supporting the economy. Judging by his words, we won’t see any major changes this time. Still, the Reserve Bank of Australia may surprise us.
- If the RBA is optimistic, the AUD will rise;
- If the RBA is pessimistic, the AUD will fall.
Read the article to get the latest news and fresh trade ideas!
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
Australia will publish its Inflation Rate on January 25, at 02:30 MT time.
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2