WHAT WE GET AFTER THE CENTRAL BANK INTEREST RATE DECISION IN #AUSTRALIA? Tuesday, April 1, the Central Bank of Australia will publish the interest rate decision. Given the fact that the changes are not expected, and the rate will remain at 2.5%, we can assume a low demand of AUD/USD.
Last week we observed an increase of pair USD/CHF from lowest level since Oct. 2011 – 0.8700. Main reason why “save heaven” decreased to this level is investors’ fear of sprawl geopolitical conflict between Russia and Ukraine. On the basis that referendum on the Crimean peninsula ended quietly, and tensions between two countries reduced – the demand for defensive assets will be lower now, that is we assume the growth of pair USD/CHF.
BANK OF #JAPAN MAKES A RATE DECISION – WE ARE WAITING FOR INFORMATION ABOUT #ECONOMIC STIMULUS