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Week Ahead – RBA and BoC to hold rates but might be tempted to hike, OPEC+ meets

From xm.com

{video} 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. Will the RBA deliver another surprise hike? The Reserve Bank of Australia caught markets off guard when it hiked rates last month and there’s a risk that ... (full story)

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  • Category: Fundamental Analysis