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.
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).
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.