Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the RBA cut its rate?
Information is not investment advice
The Reserve bank of Australia will announce its interest rate and release a statement on May 7, at 07:30 MT time.
The main question in focus will be whether the Reserve bank will cut its interest rate to 1.25% or not. Analysts mention the projections for lower GDP growth and inflation as the main reasons why the rate cut may happen. Others remember the positive figures for employment which may weight against the rate cut. They also expect the RBA to wait until the elections before making changes to the current interest rate. At the moment, the anticipation of the rate cut is priced in. If the interest rate remains at the same level, it will help the aussie to gain positive momentum.
• If the RBA is hawkish, the AUD will go up;
• If the RBA is dovish, the AUD will go down.
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The US national GDP is in focus next week
What's going on with the US GDP? Economists think that the first quarter will be pessimistic. Let's check.
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Will the CPI Crash the USD?
The most impactful releases of this week will fill the market with volatility and sharp movements.
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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