Let’s see what will affect the market shortly! AUD Cash Rate – May 3, 07:30 MT time
GBP Official Bank Rate – May 5, 14:00 MT time
US NFP m/m – May 6, 15:30 MT time
Analysts expect the RBA to raise the rate. Inflationary pressures have intensified and expanded, and the 0.1% cash rate target is no longer appropriate. With a greater-than-expected result, AUD rises, otherwise, it falls.
The geopolitical crisis affects the UK economy. The inflation rate is 7%, the highest in the last 30 years. The 0.75% interest rate is expected to be raised to 1% and go up to 2%-2.25% by the end of 2022. If it’s higher than the “Forecast”, the GBP will rise.
US businesses are still hiring at full capacity. In March, the Central Bank raised interest rates by a quarter of a percentage point for the first time since 2018 to curb high prices. If NFP numbers beat expectations, the USD will rise. The unemployment rate works the opposite: the lower the indicator, the stronger the US currency.
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