empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
06.03.2023 03:55 PM
AUD/USD: ahead of the RBA meeting

This image is no longer relevant

At the beginning of the new trading week, the dollar and its DXY index show uncertain dynamics, even declining during the Asian trading session. DXY futures remain within the tight range recently formed between 105.32 and 103.70. Last month, the dollar received a powerful bullish momentum after the Fed meeting ended on February 1, at which its leaders decided to raise interest rates once again and spoke in favor of further tightening of monetary policy.

At the same time, data from the U.S. labor market, also released in early February, indicated that "by many indicators, the labor market is still very strong." Federal Reserve Chairman Jerome Powell believes that "the labor market will play an important role in reducing inflation" and, consequently, in determining the parameters of the U.S. central bank's monetary policy.

In this regard, market participants will be waiting for the release this Friday of the next monthly report of the U.S. Department of Labor with data for February. According to the preliminary forecast, a sharp slowdown in the Nonfarm Payrolls indicator (-35,000 jobs) is expected, although unemployment will remain at the previous minimum levels of 3.5%. This is negative data for the dollar: it may fall.

Also this week (Tuesday and Wednesday at 15:00 GMT), Powell will speak at the U.S. Congress, and market participants will listen carefully to his speech in order to catch any signals from him regarding the prospects for the Fed's monetary policy, and therefore regarding the direction of the dollar's further movement.

However, the volatility in the dollar quotes may increase today on the release of the manufacturing orders in the U.S. at 15:00 (GMT). The data is estimated to fall by -1.8% in January after rising by +1.8% in December. The dollar may decline in the short term on these data.

During tomorrow's Asian trading session, we expect data on the foreign trade balance of Australia and China, as well as the publication of the Reserve Bank of Australia's interest rate decision at 03:30 (GMT).

During the February meeting, RBA leaders again decided to raise the interest rate by 0.25% in order to contain inflation, which reached 20-year highs (in the Q4 2022, the total annual consumer price inflation in Australia was 8.4% with the RBA's target level of 2%–3% per year).

At this meeting, the Reserve Bank of Australia may again raise the interest rate by 0.25% to 3.60%. Although, unexpected decisions are also possible, for example, a pause in increases or a stronger increase in the interest rate.

The first decision is supported by recent macro data from Australia, according to which the country's GDP grew by +0.5% in Q4. Although according to the forecast, growth of +0.8% was expected after growth of +0.7% in Q3 and +0.9% in Q2.

At the same time, the growth of consumer inflation slowed down a bit in January (to +7.4% from 8.4% in December).

GDP and CPI indicators are the main indicators of the state of the Australian economy, and along with data on the labor market, they are key for the country's central bank in determining the parameters of its monetary policy. In other words, tomorrow morning, we should expect a significant increase in volatility in AUD and AUD/USD quotes, respectively.

A softer RBA decision and less hawkish rhetoric about its interest rate outlook will cause the Australian dollar to weaken.

Conversely, the tough rhetoric of the accompanying statements of the RBA leadership will contribute to the strengthening of the AUD because it will confirm the seriousness of its intention to tame the growing inflation in the country and to reach the level of 2.05%–2.6% by the end of the year, as planned earlier.

Jurij Tolin,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Wave analysis
Analysis for EUR/USD on April 15, 2025 The wave structure on the 4-hour chart for EUR/USD has shifted into a bullish formation. I believe there's little doubt that this transformation is entirely due to the new U.S
Chin Zhao
19:03 2025-04-15 +02:00
1420
Wave analysis
Analysis for GBP/USD on April 15, 2025 The wave structure for GBP/USD has also transformed into a bullish, impulsive formation — "thanks" to Donald Trump. The wave pattern is almost identical to that of EUR/USD. Until February
Chin Zhao
18:56 2025-04-15 +02:00
1360
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

XAU/USD. Analysis and Forecast

Today, gold is rising, trading near the all-time high reached the previous day, amid growing uncertainty surrounding the US-China trade wars. Gold is gaining ground today, remaining close
Irina Yanina 12:18 2025-04-15 UTC+2

USD/JPY. Analysis and Forecast

Today, the Japanese yen is struggling to extend its gains due to optimistic developments regarding trade negotiations and the postponement of tariffs. President Trump's statement about possible exemptions
Irina Yanina 12:08 2025-04-15 UTC+2

Trump Will Either Win or Lose. Is There No Middle Ground? (Potential Renewed Decline in #SPX and Bitcoin)

On Monday, markets calmed slightly amid Donald Trump's apparent backpedaling on the trade barriers he had imposed on America's trading partners. It gives the impression that the U.S. president
Pati Gani 09:46 2025-04-15 UTC+2

The Market Celebrates a Ceasefire

While there is still no peace in the trade conflict, a semblance of a ceasefire has appeared. The White House is beginning to frantically realize it has gone
Marek Petkovich 09:08 2025-04-15 UTC+2

What to Pay Attention to on April 15? A Breakdown of Fundamental Events for Beginners

Quite a few macroeconomic events are scheduled for Tuesday, but under the current circumstances, macroeconomic data mean little to the market. They might have a short-term local impact
Paolo Greco 06:29 2025-04-15 UTC+2

GBP/USD Overview. April 15: Trump Giveth, Trump Taketh Away

The GBP/USD currency pair continued its upward movement on Monday. As with the euro, there was no specific reason for the pair to decline. Of course, the current rally looks
Paolo Greco 03:57 2025-04-15 UTC+2

EUR/USD Overview. April 15: Who Found a Reason for Optimism?

The EUR/USD currency pair continued its upward movement on Monday. Despite the slower growth this time, the pair continues to rise. Yesterday saw a 50-pip increase; today, it's 250. What
Paolo Greco 03:57 2025-04-15 UTC+2

ECB Meeting: What to Expect?

This week, the ECB's meeting in April is happening, and the euro is in high spirits. The euro has been doing exceptionally well for at least two months—seemingly without much
Chin Zhao 00:35 2025-04-15 UTC+2

The Pound Forms a Top

The British economy grew by 0.5% in February, rebounding from no growth in January and significantly exceeding the forecast of +0.1%. This was the strongest growth in the last
Kuvat Raharjo 00:35 2025-04-15 UTC+2

EUR/USD: Northern Trend, Southern Pullbacks

The upward trend in the EUR/USD pair remains intact amid the overall weakness of the U.S. dollar. Significant downward pullbacks allow buyers to open long positions at more favorable prices
Irina Manzenko 00:35 2025-04-15 UTC+2

Top analytics

Relevance up to 02:00 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on April 15. Review of Yesterday's Forex Trades
08:41 2025-04-15
Forecast
Relevance up to 03:00 UTC--4
Forecast for GBP/USD on April 15, 2025
11:59 2025-04-15
Technical analysis
Relevance up to 05:00 UTC--4
XAU/USD. Analysis and Forecast
12:18 2025-04-15
Fundamental analysis
Relevance up to 02:00 UTC--4
USD/JPY: Simple Trading Tips for Beginner Traders on April 15. Review of Yesterday's Forex Trades
08:41 2025-04-15
Forecast
Relevance up to 04:00 UTC--4
Forecast for EUR/USD on April 15, 2025
11:55 2025-04-15
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.