Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
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
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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