Australia Dollar is the star of the day.
Forex
The Aussie just jumped by over 85 pips after the Reserve Bank of Australia increased the interest rate by 0.25% this morning. All traders are trying to take profits from this aggressive movement of the AUDUSD pair.
US Indices
Big Wall Street names such as Apple, Amazon and Microsoft are volatile due to profit-taking last Friday (Nasdaq -0.13%) following FOMC meeting minutes and the FED officials showing a need for more interest rate hikes in order to stop American economy from overheating. If we read the past markets reaction to hike, markets are likely to be bearish in the short-term meaning we can expect strong selling volume on US related assets.
Commodities
In commodities, palladium is till around the one year low on worries over short physical supply of the metal, good time for buyers to step in. Brent Crude OIL lost 0.16% trading now at $79.14/ barrel. WTI oil dropped by $0.15 and now sitting around $75.5/ barrel.
Major news of the day
This Tuesday economic calendar may provide the opportunity for market-movements as one of major release from US, JOLTS job openings at 5:00PM GF Markets trading time.
