United States Purchasing Managers’ Index Will Move The Dollar
United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
Until recently, Australia’s economic overview in the context of the world pandemic has been pretty strong. The AUD showed bullish tones across the board, the country was the first one to pick up in line with China while others were still shredding off the dust of fiercest battles against the virus. Lately, however, Australia had to reintroduce lockdowns in some of its key areas as the virus broke in again. The meeting minutes we are to receive on Tuesday refers to the last interest rate decision – the interest rate was kept at 0.25%. However, given the recent developments, we may receive some additional information on how Australian authorities are planning to steer the country’s economy and the AUD through the second phase of the virus hit.
- If the RBA’s tone is hawkish, the AUD will rise.
- If the RBA’s tone is dovish, the AUD will fall.
Similar
Manufacturing Data May Shake the USD
The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Latest news
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
Gold Skyrocketed, USD Dropped. What Drives The Market Today?
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.
High-Impactful Event for Forex: US Retail Sales
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Deposit with your local payment systems
