Canadian GDP: the end of loonie’s consolidation?
Canada will announce its monthly GDP on July 31, at 15:30 MT time.
The RBA meeting is coming
Information is not investment advice
The Australian dollar tested the lowest levels since January's flash crash below 0.68 on the risk aversion yesterday. Is there any hope for the aussie to recover? The answer is yes but at first, we need to wait for the Reserve bank of Australia's meeting today at 7:30 MT time.The central bank has made two rate cuts in June and July. This time, the interest rate is expected to remain steady at a record low of 1%. The inflation data came out in line with the forecasts, that is why the chances of a third rate cut are quite low. We need to pay attention to the tone of the statement and to the hints on the future rate cuts. Dovish comments by the RBA governor Philip Lowe will make the currency weaker. Pay attention to the 0.6745 level, which may be broken in that case. Otherwise, AUD/USD may reverse and reach the 0.6851 level.
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USD is waiting for the jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Will the Australian Monetary Policy Meeting minutes support the AUD?
The Australian Monetary Policy Meeting Minutes are announced on Tuesday at 04:30 MT time.
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Main market news on September 23
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Will the pound keep standing?
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
Main market movements on September 22
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.
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