Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the Reserve bank of Australia weaken the AUD?
Information is not investment advice
The Reserve bank of Australia will make its statement and announce the official rate on June 4, at 7:30 MT time.
Analysts anticipate the RBA to cut its interest rate from 1.5% to 1.25%. The chances of a rate cut are high as the Australian economy keeps weakening. The slowdown of the GDP growth, falling house prices and the rise of unemployment are among the key reasons behind the anticipated decision by the RBA. Despite the high chances of the rate cut, the central bank may keep its interest rate unchanged. If it happens, the Australian dollar may get positive momentum.
• If the RBA keeps its interest rate unchanged, the Australian dollar will rise;
• If the RBA cut its interest rate, the Australian dollar will fall.
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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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