Let’s have a look at the economic calendar.
AUD/USD: forecast for Aug. 28 - Sep. 1
The Australian dollar has several sources of support: expectations that the next move of the Reserve Bank of Australian will be to raise rates (although it won’t happen soon), strong domestic labor market and higher iron ore prices. AUD/USD may get a bullish impulse from the weakening of the US dollar, but concerns about expensive Aussie should limit the advance.
Watch and find out how to trade EUR/USD and GBP/USD ahead of the ECB statement!
The market sentiment improved based on an ease of the trade war tensions between China and the US.
What if there's no uptrend or downtrend at the market? How to make money in a sideways market? FBS analyst Elizabeth Belugina will show you how to trade in ranges…