Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

Is all good with the AUD?

Is all good with the AUD?

Updated

What will happen?

The RBA Rate Statement comes on June 1, at 07:30 GMT+3.

The Reserve Bank of Australia kept the rate steady at 0.1% during the last session. It’s planning to keep it there unless and until the actual inflation reaches 2-3% and the labor market corrects to maximum employment. Generally, the bank is committed to maintaining the financial conditions in the country as supportive as possible to ensure nothing stands in the way of the economic recovery.

How to trade the RBA Rate?

We don’t trade the rate itself as it’s likely to be kept unchanged. Rather, we’re going to trade the details of the Monetary Policy that the RBA will share. Generally, if they are largely optimistic, the AUD is likely to rise. Otherwise, a weak domestic economic outlook may press on the Australian dollar.

  • Optimistic/hawkish tones support the AUD;
  • Pessimistic/dovish tones make the AUD lose value.

Instruments to trade: AUD/USD, AUD/CHF, AUD/NZD, AUD/JPY

Check the economic calendar

AUD1.jpg

                                                                                         LOG IN

Deposit with your local payment systems

Be on top of your game

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com

or

Start Live Chat