Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The RBA: keeping the AUD alive?
Information is not investment advice
The Reserve Bank of Australia will publish its statement and announce the interest rate on July 7, at 7:30 MT time.
Instruments to trade: AUD/USD, AUD/JPY, EUR/AUD
Each month except January the RBA releases the rate statement, which helps to keep investors informed about the bank's current monetary policy. Also, it reviews the economic outlook of the country and offers clues on its further decisions. Recent comments by the RBA Governor Philip Lowe were positive for the bulls of the AUD. According to his words, the rising currency is not a problem at this point. He noted that Australia was doing better than other countries amid the coronavirus crisis and mentioned strong commodity prices supporting the economy. Judging by his words, we won’t see any major changes this time. Still, the Reserve Bank of Australia may surprise us.
- If the RBA is optimistic, the AUD will rise;
- If the RBA is pessimistic, the AUD will fall.
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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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