Weekly Forex Outlook: 02/06/2023 – RBA & BoC to hold rates but might be tempted to hike, OPEC+ meets
June 2, 2023 10:39 am
Policy decisions from the RBA and the Bank of Canada will be taking centre stage next week amid an otherwise light agenda. In the United States, the ISM services PMI will be the only top-tier release and now that Congress has averted a default by suspending the debt ceiling, the dollar might spend the week drifting lower. Before all that however, OPEC and non-OPEC countries will meet on Sunday to discuss whether to make further cuts to oil output.
0:00 Intro 0:15 RBA 2:03 Aussie 2:30 Bank of Canada 3:52 Loonie 4:11 OPEC 6:10 US Dollar
For more information on the topics discussed in this video, including detailed charts and tables, read the full Weekly Forex Outlook article:
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
Policy decisions from the RBA and the Bank of Canada will be taking centre stage next week amid an otherwise light agenda. In the United States, the ISM services PMI will be the only top-tier release and now that Congress has averted a default by suspending the debt ceiling, the dollar might spend the week drifting lower. Before all that however, OPEC and non-OPEC countries will meet on Sunday to discuss whether to make further cuts to oil output.
0:00 Intro
0:15 RBA
2:03 Aussie
2:30 Bank of Canada
3:52 Loonie
4:11 OPEC
6:10 US Dollar
For more information on the topics discussed in this video, including
detailed charts and tables, read the full Weekly Forex Outlook article:
https://www.xm.com/research/analysis/previews/xm/week-ahead-rba-and-boc-to-hold-rates-but-might-be-tempted-to-hike-opec-meets-180539
Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.
Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en
The Risk Warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date Risk Warning
Visit the XM Research Portal for your daily dose of market news and analysis, as well as live education sessions, and other useful trading tools: https://www.xm.com/research/analysis
In-depth forex news analysis on all major currencies, such as EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD as well as gold, oil, stock indices, commodities and stocks.
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