Two Central Banks Will Grab Traders’ Attention
The central banks' meetings will highlight the week as well as the PPI release
Will the RBA support the AUD?
The RBA’s interest rate is announced on Tuesday at 05:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CAD, AUD/JPY
Since March 2020, the interest rate in Australia has been held steady at 0.1%. The RBA was committed to making the financial environment as favorable as possible. It was trying to make sure that all the lending facilities and credit functioning see no impediment across the country amid the virus struggle and reappearing restrictions. The Board’s plan is to keep the rate at 0.1% until the inflation reaches 2-3%. The latter would indicate that the Australian economy is warmed enough to raise the rates. Therefore, on Tuesday, we are going to see what the economic outlook in the country looks like and whether the recovery is going at an acceptable pace.
- If the RBA’s tone is hawkish, the AUD will rise.
- If the RBA’s tone is dovish, the AUD will fall.
Similar
Get Ready for the NFP Release
Good Friday, traders! The markets are frozen ahead of today's NFP release at 15:30 GMT+2…
US Dollar Index at a 3-month Low
The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?
Latest news
Bitcoin might fall deeper
Good morning, our dear traders! Are you ready for the news that is worth following for trading today? Let’s see! Today’s events: 14:00 GMT+2, EUR, ECB President Lagarde Speaks 16:30 GMT+2 CHF, Gov Board Member Maechler Speaks Bitcoin’s…
China Stocks are About to Jump
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
China Goes Easy On Covid Zero Policy
Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
