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Old 06-11-2018, 09:12
ObasiFXMart ObasiFXMart is offline
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Default Re: Daily Market Analysis by ForexMart

AUD/USD Fundamental Analysis: November 6, 2018



Unless an unexpected statement comes out, not much reaction is expected to the RBA statement. The focus will be centered on the inflation of RBA and growth forecast. We can also expect on chances for tightening of lending requirement which may raise concern for some policymakers.

The Australian currency looks to be trading flat shortly prior to the release of the central bank of Australia decision and once again, it is anticipated to keep the cash rate at 1.5 percent. At the same time, traders are hoping for the central bank to stay positive but still gives a neutral policy outlook.

Forecast of the RBA on the employment forecast is being sought after because of the recent decline to 5%, as mentioned by NAB. Meanwhile, only minor short-term changes to GDP forecasts are anticipated and keep the inflation rate of the RBA forecast to be the same.

Today’s report is significant but most of the investors will probably focus on the US midterm election this Tuesday.
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