Opinion polls cast a shadow on the GBP
YouGov, the key organization tracking the UK public opinion has released its final report ahead of the vote that will take place on Thursday, December 12.
The RBA meeting is coming
The Australian dollar tested the lowest levels since January's flash crash below 0.68 on the risk aversion yesterday. Is there any hope for the aussie to recover? The answer is yes but at first, we need to wait for the Reserve bank of Australia's meeting today at 7:30 MT time.The central bank has made two rate cuts in June and July. This time, the interest rate is expected to remain steady at a record low of 1%. The inflation data came out in line with the forecasts, that is why the chances of a third rate cut are quite low. We need to pay attention to the tone of the statement and to the hints on the future rate cuts. Dovish comments by the RBA governor Philip Lowe will make the currency weaker. Pay attention to the 0.6745 level, which may be broken in that case. Otherwise, AUD/USD may reverse and reach the 0.6851 level.
Similar
Currency market on December 9
The main attention of traders is paid to the news concerning the US-China developments ahead of the US tariffs deadline scheduled on December 15.
Currency market on December 6: the NFP Friday
Black Friday for the currency market: the Non-Farm Payrolls are out!
Latest news
Victorious Boris Johnson
Boris Johnson have won the UK Parliament elections. What does that mean for the Forex market? The article takes the first look at the answers.
Trump boosts the market optimism
There is positive news concerning the US-China trade deal. We've prepared an overview of the current state of the situation.
Top 4 trading opportunities of December 12
The GBP traders await the outcome of the election, while the euro may follow the words of the new ECB president Christine Lagarde. Read more!
Deposit with your local payment systems
