CHF: losing value
USD/CHF and EUR/CHF rose to tactical highs. What's next?
High chances of a rate cut by the RBA
Information is not investment advice
The Reserve bank of Australia will release the rate statement and announce the update on the interest rate on February 4, at 5:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, AUD/CHF, AUD/NZD
The market expects the RBA to cut its interest rate from 0.75% to 0.5% during the February meeting. What may drive the central bank to do so? Firstly, it is the inflation rate. Despite an upbeat CPI released last week, the level remains below the RBA target. Thus, the bank may need to take accommodative measures. At the same time, the unemployment level remains pretty high at 5.1%. Let's not forget other risks including bushfires in Australia and coronavirus. Both of them are proven to have a great impact on the economy. That is why the Australian regulator may take some serious steps to support the economy of the country. As a rule, the shift towards more easing will weaken the Australian dollar.
• If the RBA cuts its interest rate, the AUD will fall;
• If the RBA keeps the interest rate unchanged, the AUD will rise.
Similar
Volatility for the EUR is coming
Eurozone, France, and Germany will publish the flash services and manufacturing PMIs on February 19, from 10:15 to 11:00 MT time
AUD is hopeful about the job data
Australia will publish the employment change and unemployment rate on February 18, at 02:30 MT time.
Popular
USD surged, gold dropped on Friday
Latest news and the technical analysis fo major pairs are here!
NVIDIA beat earnings forecasts!
The giant chip maker exceeded analysts’ expectations. Even with a global GPU shortage!
OPEC may increase oil supply at meeting on March 4
OPEC will hold a meeting on March 4, where it should announce its decision on further oil output.
Choose your payment system
