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RBA’s Lowe will be giving a speech this week. Can he influence AUD’s intraweek trends this week?

Here are economic themes and potential catalysts you should pay attention to in the next couple of days:

RBA’s meeting minutes (Apr 21, 1:30 am GMT)

  • The Reserve Bank of Australia (RBA) last met in April 7, when members kept interest rates unchanged at 0.25%
  • Governor Lowe will be giving a speech after the meeting minutes release, which could hint at the central bank’s immediate plans and biases

Flash PMIs (Apr 22, 11:00 pm GMT)

Overall risk appetite

Technical snapshot

  • Stochastic notes AUD’s overbought conditions against almost all of its major counterparts

  • The Aussie is still trading below the 200 SMA against most majors
  • Watch out for potential bullish trends against CHF, EUR, GBP, CAD, and NZD

  • AUD had been most volatile against USD, JPY, CHF, and EUR in the last seven days


Missed last week’s price action? Read AUD’s price recap for April 13 – 17!