Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the RBA Add Strength to the Aussie?
Information is not investment advice
What will happen?
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3). While we don’t expect any changes to the interest rate that is currently held at 0.1%, the statement itself may be interesting. The main focus will be on the yearly outlook by the bank given surging inflation (3.8% in the 2nd quarter) and the coronavirus situation in Australia.
How to trade on the RBA Interest Rate Decision?
It’s highly important to follow the statement that may contain changes to the bank’s monetary policy.
- If the bank improves outlook and hints at rate hikes, the AUD will go up;
- If the regulator is cautious, the AUD will slide.
Instruments to trade: AUD/USD, AUD/JPY, AUD/NZD
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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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