Market focus

On Tuesday, 04.06.2019, the saturation of the economic calendar will remain. At the beginning of the day, the market’s focus will be on the RBA meeting results, which is expected to lower its key interest rate. In addition to easing the monetary policy of the Central Bank of Australia, the market will also follow the tone of the RBA Governor, who will be expected to hint at further stimulating the Australian economy.

In the European trading session, market attention will shift to data on inflation and employment in the eurozone. Eurozone consumer price index forecasts are very weak, which may increase the pressure on the euro. The American session will be full of speeches by representatives of the Fed, among whom will be the speech of US Federal Reserve Chairman Powell. Powell’s rhetoric is largely reflected in the American dollar, especially in the conditions of waiting for a decline in US rates.

Hanzenko Anton