
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
The Reserve Bank of Australia announces the cash rate on Tuesday at 05:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, AUD/CAD
The interest rate in Australia has been reduced to the historical low of 0.1% during the last session. Previously, it has been lowered to 0.25% already due to the virus hit. Currently, there are some positive signs in Australia, boosted by the lifting of the restrictions in Victoria state. The quantitative easing program was recently expanded, and other key target rates, such as the three-year-bond yield, were kept in accordance with the cash rate reduction. While growth is expected in the third quarter for the GDP, the RBA board advised they are staying on high alert to aid the economy and make sure it sees no impediment for recovery. With the coming rate statement, we are not expecting a change in the rate itself. Rather, we will be looking for the “side” comments from the bank regarding the outlook and future policy plans. Positive moods will spur the AUD, while a dovish look will press on the Aussie.
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
Consumer Price Index, Existing Home Sales, US Fed rate decision - all of these things we will discuss in our new review. Don't miss it out!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
A new trading week is coming…
News is always important part of the market. What do we expect today?
What a day was yesterday! Let’s jump right in!
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