American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
Traders await news from Australia
The Australian dollar has depreciated since the start of the year. The Reserve Bank of Australian seems satisfied with such situation as it keeps its interest rate at the record low of 1.5%.
In June, the central bank no longer said that it was “more likely that the next move in the cash rate would be up, rather than down”. This change had a negative impact on the Australian dollar.
The Reserve Bank of Australia will release its rate statement at 7:30 MT time on July 3. The possibility that the RBA will change its policy is very low. However, the central bank’s announcement can still be followed by big moves in AUD/USD, AUD/NZD, AUD/JPY, and other pairs containing the AUD. Traders will analyze the statement of the RBA and look for clues about its opinion about the current economic conditions as well as the future monetary policy. The dynamics of the AUD will depend on the tone of the RBA.
• Optimistic RBA – strong Australian dollar.
• Pessimistic RBA – weak Australian dollar.
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
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…