The Bank of England will publish a monetary policy summary on Thursday, June 16, at 14:00 MT time (GMT+3).
Will the RBA Rate Statement push the AUD?
Information is not investment advice
RBA Rate Statement is on Tuesday at 07:30 MT time.
Instruments to trade: AUD/USD, AUD/NZD, AUD/CHF, EUR/AUD
In March, the interest rate of Australia was reduced to 0.25%. Since then, it was kept steady. The Reserve Bank of Australia informed at that time that there would be no intention to increase the rate until there is full employment, a 2-3% inflation rate, and other indications that the economy is recovering. Since then, although the economy is indeed recovering, the indicators are too far away from warranting the rate change. Hence, we will look at the tone of the RBA press conference to gather details of the outlook for the AUD. If these are positive enough, it may lead to another upswing with AUD/USD.
- If the bank’s tone is hawkish, the AUD will gain value.
- If the bank’s tone is dovish, the AUD will fall.
The Federal Reserve will make a statement regarding the future monetary policy on Wednesday, June 15, at 21:00 MT time (GMT+3).
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.