Market focus

On Tuesday, 02.07.2019, the economic calendar will be saturated with meaningful statistics. At the Asia-Pacific trading session, it is worth to highlight the Reserve Bank of Australia meeting results, which will be expected to reduce the key interest rate by 25 b. to the mark of 1.00%. This is a significant signal to the short-term sales of the Australian dollar.

The European session will be saturated with moderate data on housing prices and business activity in the UK construction sector, and retail sales in Germany.

The American session will be very restrained on scheduled news. It is necessary to mention only the API data on oil inventories in the United States.

Hanzenko Anton