Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Will the AUD have a reason to rise?

Will the AUD have a reason to rise?

Information is not investment advice

RBA will share its Monetary Policy Meeting Minutes on Tuesday at 04:30 MT time.

Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD

On May 5, the Reserve Bank of Australia announced it would hold the interest rate steady at 0.25%. It also said that there would be no intention to increase it unless and until the economy moves towards full employment. Noting the fragile state of the labor market, that target will stay far away in the nearest future. However, we will want to know the exact details about the estimated damage that the Australian economy is expected to suffer in the Q2 as that will largely define how the recovery will go. Therefore, we will look for those details in the Monetary Policy Meeting Minutes to grasp the overall tone of what’s coming to Australia in the nearest months. 

  • If the Meeting Minutes give brighter details in the economic outlook, the AUD will rise.
  • If the Meeting Minutes share a harsh economic outlook, the AUD will fall.

Check the economic calendar

push AUD1.jpg

                                                                                                    LOG IN

Similar

Main market movements on July 31

The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.

Main market movements on July 30

The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.

Popular

Big day for USD

The US NFP will be published on August 7 at 15:30 MT time.

All eyes on AUD

The RBA will make a rate statement on August 4 at 7:30 MT time.

Choose your payment system

Learn more