Market Opportunities : Week 03-07-2023 - 07-07-2023

AUDUSD: Reserve Bank of Australia interest rate decision on July 4 is an important event in the July 3 – 7 week. Majority of traders expect the central bank of Australia will pause rate hikes after a 25 basis point increase in the benchmark rate on June 6. Another 25 basis point rate hike at RBA’s July meeting will give the AUDUSD a bullish boost.

USDIDX: United States Nonfarm Payrolls report on July 7 is the key economic event of the first week of July. The June Nonfarm Payrolls are expected to show US private sector added more than the expected 200 thousand new jobs in the first month of summer - the USDIDX will get a bullish boost.