What key releases will move the markets this week?
Tag - aud - australian dollar
AUD/CAD, EUR/CAD, and GBP/CHF are on the arena.
Hottest events for this week!
There's a bearish 'Thorn', so the price is likely going to reach the nearest support at 0.6947 in the near future...
AUD/NZD spiked to 1.0720 this week after the Reserve Bank of New Zealand cut interest rate but then quickly retreated back to 1.06.
On Tuesday, the Australian dollar steeply ascended after Australia’s major financial institution held rates at a record minimum, dashing speculation it might ease policy in response to a below-par outcome of inflation…
What will happen to markets this week
The week started badly for the market sentiment. Find out why!
The Reserve bank of Australia will announce its interest rate and release a statement on May 7, at 07:30 MT time.
Pay attention to the market sentiment today!
It's likely to have a local downward correction in the short term, so we should keep an eye on the previously tested resistance...
How to make a bet on a less dovish Federal Reserve? Sell AUD/USD!