Market focus

On Tuesday, 02.04.2019, the economic calendar will be less saturated with statistics, but the day promises to be very volatile in terms of trade. At the start of the day, market attention will be focused on the meeting results of the Reserve Bank of Australia (RBA). Despite the fact that expectations remain quite restrained and interest rates will be kept at the level of 1.50%, stable pessimism will persist in the market, which are caused by the latest protocol of the Central Bank of New Zealand, which hinted about a decrease in interest rates in the future. A similar tone is expected from the RBA.

In the afternoon, the US trading session should focus on durable goods orders in the US, which are the leading indicators of inflation in the US. Judging by the projected growth is expected, but the overall dynamics remains restrained.

Hanzenko Anton