therefore instigate inflation. In fact, a number of forex junkies were already expecting an interest rate cut in last months, rBA statement, citing that the decision to stay on hold simply increases the odds for additional easing this time. Period, data Released, estimate, actual, pips Change (1 Hour post event pips Change (End of Day post event). RBA ) Interest Rate Decision, aUD/USD 5-Minute Chart, as expected, the Reserve Bank of Australia (. This was also slower than the previous months.2K pickup in employment. A decision to stand pat and stay optimistic about an economic rebound could mean stronger gain for the currency while a dovish bias or an actual rate cut could spur sharp losses. Written by David Song, Currency Analyst Follow me on Twitter at @DavidJSong.
However, annual inflation edged down to a 17-year low.0 so policymakers could still chalk this up as a disappointment. However, an unexpected shift in forward guidance for monetary policy may spark a rebound in AUD/USD, with a batch of hawkish comments raising the risk for a rebound in the Australia yahoo finance top 10 work at home jobs dollar especially if the central bank starts to show a greater willingness to normalize. The Reserve Bank of Australia is scheduled to make its much-anticipated interest rate decision this week so Ive rounded up a few things we could expect from this event. In a nutshell, it looks like things could really go either way for the RBA (Hey, that rhymes!) and also for the Australian dollar. Heads up, Aussie traders! That is the question most market analysts are trying to answer these days. Based on a report from property market analysis firm CoreLogic, home prices in its capital cities such as Sydney and Melbourne rose.8 in July, amounting to a 6 year-over-year gain. RBA uncomfortable, noted, aNZs head of Australian economics Felicity Emmett. A closer look at the components of the report, however, shows a slight improvement in labor force participation, which was partly responsible for the rise in the unemployment rate from.7.8. Want a better understanding of the different approaches for trading?
Lastly, theres still a considerable degree of upside pressure on house prices in Australia, keeping policymakers wary of a potential property bubble. With that said, the fresh rhetoric coming out of the. BAM 3,740463 3,797425 3,839196 3,732323 3,860572 1 CAD 4,790635 4,911140 5,028242 4,742729 5,058411 1 CZK 0,280690 0,288443 0,297085 0,273673 0,303027 1 DKK 0,983670 0,995739 1,011143 0,972849 1, HUF 2,226043 2,289988 2,362589 2,110289 2,421653 1 NOK 0,748513 0,767359 0,786183 0,741776 0,791686 1 PLN 1,694999 1,735348 1,783187. Either way, additional volatility could ensue before, during, and after the event so make sure youve got the necessary adjustments if you have any AUD positions open! This puts an additional drag on domestic price levels, as it follows a sharper.0 decline for the first three months of the year. Thats because a stronger Australian dollar gives a double-whammy to the economy by weighing on domestic inflation and hurting export demand. AUD/USD as the central bank is widely expected to keep the official cash rate (OCR) at the record-low.50.