
We prepared an outlook of major events of this week. Check it and be ready!
Don’t waste your time – keep track of how NFP affects the US dollar!
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The Reserve Bank of Australia’s Rate Statement is at 05:30 MT time on December 3.
The Reserve Bank of Australia has been keeping the interest rate at 0.75% since October. From a historical perspective, it is a record low. From the operational perspective, the Bank needs time to observe the results of the three rate cuts delivered in June, July, and September this year. Hence, the analysts do not expect another cut on December 3. However, the policymakers made it clear that they would continue the monetary ease if the country does not reach full employment, sustainable growth, and inflation targets. Otherwise, if the Australian economy shows resilience in the context of the global economic slowdown, the rate will not be changed, and the AUD will rise.
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
Credit Suisse's collapse is in focus. What are the consequences of this problem? Let's discuss it here.
In this review, we will discuss important news for the following week. What will affect the financial markets soon? How will the main currency pairs react?
The RBA and the Bank of Canada will add volatility to the AUD and the CAD, while USD is expected to be boosted by the Non-farm payrolls.
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