The Reserve Bank of Australia cut interest rates 25 basis points from 3.00% to 2.75% on Tuesday. Could we see the AUD weaken even more Wednesday with unemployment figures being released?
Unemployment figures will likely not increase this week according to economist’s expectations, but rates are “likely to move higher over the next six months”. (source).
In March total employment fell 36,000 in Australia and the unemployment rate was pushed to 5.6%, a three-year-high.
For news updates and more fundamental Forex info, follow the Winner’s Edge account. Follow Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!
Also, did you guys hear about the huge AUD trade the other day? Some think George Soros was behind it!
Latest posts by admin (see all)
- Money Management in Forex: More Than Just Trading - February 17, 2018
- Identifying Trends through Synchronization - February 17, 2018
- Using Multiple Trendlines to Identify Better Trades - February 15, 2018
Winner’s Edge Trading, as seen on: