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- Economic calendar for the Asian trade session – 07.11.2017
Economic calendar for the Asian trade session - 07.11.2017
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Loading...Economic Calendar for the Asian Stock Exchange Session on 07.11.2017.
00:30 Australia - AIG Construction Index
- The construction index in Australia has risen steeply over the past one year, with the latest data at 54.7 points. There are no estimates for the indicator, but the change between past and current has an impact on AUD. Taking into account the forthcoming RBA decision on the base interest rate, we expect a slight impact on the Australian. Investors will expect the bank's decision and future plans and plans to position themselves on AUD.
02:01 UK - BRC retail sales - October
- The indicator shows retail sales according to British Retail Consortium (BRC), with better data posing a positive impact on the GBP. Forecasts are for worse data compared to the previous period: 0.9% for October vs 1.9% in September. Better data than expected would boost GBP and vice versa, worse than projected would increase pressure on GBP.
05:30 Australia - Reserve Bank Of Australia Decision on the Base Interest Rate
- The Australian central bank's decision is expected to have a strong impact on AUD, despite the bank's expectations of keeping interest rates unchanged. The reason for this is that the economy of the country does not give the necessary growth, and this suppresses the future lifting. Currently, the probability of interest rates is 99.5%, but if we see higher interest rates, they would have a strong positive impact on AUD, and vice versa, lower rates would depreciate the currency.
05:30 Australia - Report on the Reserve Bank Of Australia's Basic Interest Rate Decision.
- From the report on the RBA's decision, investors will expect more information about the Bank's view of the Australian economy and how it intends to respond to current economic indicators. The most important thing the traders will monitor is the possibility of raising the basic interest rate in the country. If there is even a slight Hawkish intent, we may see an increase in AUD.
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