Australian Job Data Will Impact AUD
Australia will release employment change and an unemployment rate on Thursday, November 11, at 02:30 MT (GMT+2).
Will the RBA Add Strength to the Aussie?
What will happen?
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3). While we don’t expect any changes to the interest rate that is currently held at 0.1%, the statement itself may be interesting. The main focus will be on the yearly outlook by the bank given surging inflation (3.8% in the 2nd quarter) and the coronavirus situation in Australia.
How to trade on the RBA Interest Rate Decision?
It’s highly important to follow the statement that may contain changes to the bank’s monetary policy.
- If the bank improves outlook and hints at rate hikes, the AUD will go up;
- If the regulator is cautious, the AUD will slide.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
Similar
AUD/USD Dropped After RBA & Other News
Read the article to get the latest news and fresh trade ideas!
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.
Latest news
ZEW Sentiment Will Help the Euro
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
US unemployment data and the USD
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
