US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
Trade on the comments by the RBA
The Reserve bank of Australia is scheduled to make its rate statement on February 5 at 05:30 MT time.
We expect the central bank of Australia to keep its interest rate unchanged at a record low of 1.5%. However, the RBA may provide some hints on the future path of its monetary policy. Previously, the RBA suggested the possibility of the rate cut. However, the recent comments by the RBA members provided the possibility of the rate hike. Up to this time, financial markets are unsure about the next step by the RBA concerning its interest rate. If the bank confirms the rumors on the possible rate hike, it will be good news for the AUD.
• If the RBA is hawkish, the AUD will go up;
• If the RBA is dovish, the AUD will go down.
Similar
How will the jobs data affect the AUD?
The Australian jobs data is announced on Thursday at 03:30 MT time.
Get ready for more insights by the Fed
The Federal Open Market Committee (the department of the Federal Reserve) will publish the meeting minutes on October 7 at 21:00 MT time.
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All attention to Euro
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
NETFLIX: end of fiesta
Netflix stock price falls 5% on Tuesday. Why? Read the news.
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