The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
How Australia’s central bank will impact AUD?
Information is not investment advice
What will happen?
The Reserve Bank of Australia will announce its policy decision on May 4 at 7:30 MT (GMT+3). It’s one of the most important drivers of the Australian dollar. Last time, the central bank left everything unchanged and claimed that it would not increase interest rates until at least 2024 when Australia reaches its target employment and inflation of 2-3%. Thus, analysts widely expect no changes this time as well, all attention will be to projections.
How to trade on RBA statement?
Follow the RBA’s meeting and/or monitor news during and after it.
- If the RBA hints to raise rates or cuts bond-buying, the AUD will strengthen;
- If the RBA leaves everything unchanged and gives negative projections, the AUD may drop.
Instruments to trade: AUD/USD, AUD/NZD, AUD/JPY
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.