Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Is all good with the AUD?
Information is not investment advice
What will happen?
The RBA Rate Statement comes on June 1, at 07:30 GMT+3.
The Reserve Bank of Australia kept the rate steady at 0.1% during the last session. It’s planning to keep it there unless and until the actual inflation reaches 2-3% and the labor market corrects to maximum employment. Generally, the bank is committed to maintaining the financial conditions in the country as supportive as possible to ensure nothing stands in the way of the economic recovery.
How to trade the RBA Rate?
We don’t trade the rate itself as it’s likely to be kept unchanged. Rather, we’re going to trade the details of the Monetary Policy that the RBA will share. Generally, if they are largely optimistic, the AUD is likely to rise. Otherwise, a weak domestic economic outlook may press on the Australian dollar.
- Optimistic/hawkish tones support the AUD;
- Pessimistic/dovish tones make the AUD lose value.
Instruments to trade: AUD/USD, AUD/CHF, 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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