The RBA Rate Statement comes on June 1, at 07:30 GMT+3.
Will the Reserve bank of Australia support the AUD?
The Reserve bank of Australia will make its statement and announce an official rate on April 2, at 06:30 MT time.
We anticipate the interest rate to remain at 1.5%. But we need to pay attention to the tone of the rate statement. The statement will contain an outlook on the monetary policy of the country and offer clues on future rate decisions. Hawkish hints on the changes of the RBA monetary policy will support the Australian dollar.
• If the RBA is hawkish, the aussie will rise.
• If the RBA is dovish, the aussie will fall.
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
April seasonal patterns weren’t supposed to work, but somehow they did. Even a strong fundamental issue such as the global recession amid the coronavirus couldn’t overwhelm it. That’s why May seasonal patterns may work as well.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…