20 Mar

AUD - RBA Monetary Policy Meeting Forecast

admin Forex Fundamental Outlook 0 Comments

Upcoming Key Events for Market Watch:

On Tuesday Morning, AUD - RBA Monetary Policy Meeting @06.00 am
GBP - CPI y/y @03.00 pm
CAD - Core Retail Sales m/m @06.00 pm
NZD - GDT Price Index
*All Timings are in Indian Time Only (GMT +05.30)
The RBA-Reserve Bank of Australia’s monetary policy meeting is due on Tomorrow morning, where interest rates are doubtful to be distorted as the RBA is predictable to uphold its cash rate at 1.50 percent, which will be the 6th consecutive month of keeping rates stable at this level.
At the meeting in last month February, Philip Lowe, the RBA Governor unconfined fresh economic forecasts & projected the Australian development rate to be around 3 percent for the next few years, which was a little higher from its earlier forecasts.
Last week, data from the AUD Bureau of Statistics showed that the Australian market highly developed 1.1 percent in the 3 months ending December 2016. The data hit estimates among concerns that the Australian financial system may slip into a depression. On a yearly basis, the AUD economy increased 2.4 percent up from the forecasts of 2 percent.
The RBA is possible to admit this as well as taking into account the retail sales numbers that comes the day before. Economists polled anticipate Australia’s retail sales to increase 0.4 percent in January 2017 which is predictable to overturn the 0.1 percent turns down registered in December 2016.
There is some rumor that the economy might require more monetary help going ahead. The RBA in recent times confirmed the extent for more rate cuts is thin to none from the present record low of 1.5 percent. A hawkish attitude to the minutes might drive the Aussie upwards.
Previous Next
Share This Post

Why we choose Forex Market?
Oct 06 , 2015

Forex, Commodity and Binary Trading Signals on 5th May 2016
May 04 , 2016

Forex Trading Terminologies
Oct 21 , 2015


Free Forex Trading Seminar In Salem
Aug 19 , 2018

Forex Weekly Technical Outlook on 7-11 August 2017
Aug 07 , 2017

Forex Weekly Technical Outlook on 24-28 JULY 2017
Jul 24 , 2017

watercolor paints

Read ICM Capital Review

  LeTechs Rating  
  Regulation   FCA
  Branches   UAE, China, Russia, Mauritius
  Bonus   $1000


watercolor paints

Read Fidelis Capital Markets Review

  LeTechs Rating  
  Regulation   FSA, St. Vincent and the Grenadines
  Branches   Except USA, Belgium and British Columbia
  Bonus   200% Bonus




Google Plus

Risk warning: Trading foreign exchange (Forex Trading) and contracts for differences (CFDs) on margin carries a high level of risk, and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Please ensure you fully understand the risk involved before trading, and if necessary seek independent advice.

Copyright © 2015 LeTechs. All Rights Reserved.