Don’t waste your time – keep track of how NFP affects the US dollar!
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The Reserve Bank of Australia will announce its policy decision on May 4 at 7:30 MT (GMT+3).
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
The Reserve Bank of Australia will announce its policy statement and gives an economic outlook on July 6 at 7:30 MT.
Three centra banks will set the market in motion this week. The USD is under pressure after the weaker-than-expected NFP. ETH/USD is testing highs.
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
Asia-Pac stocks traded higher as regional bourses took their cues from the fresh all-time highs on Wall Street.
Australian GDP rose by 3.1%, exceeding analysts’ forecasts of 2.5%. The Australian dollar climbed after the release, but then joined its peers in falling against the USD.
The Fed pledged to keep near-zero rates at least through 2023. The dovish message pressed down the US dollar. As a result, EUR/USD and GBP/USD surged.
Read the report to know the latest news and get the tech analysis of EUR/AUD, EUR/USD, and USD/JPY!
Europe’s poor vaccination rollout keeps pressing down the euro. Unlike Europe, the USA is in a much better position now. Thus, EUR/USD is likely to dip further this week. Gold is likely to fall as well amid the strong USD. Watch the video to get more trade ideas for this week!