RBA Rate Statements out of Australia were as expected with rates remaining unchanged and increases only expected in 2024.

The US Indices pushed up well as the continued stimulus deal gets closer to a conclusion and the bond yields dropped as investors go more risk on.

Gold dropped lower as it tested the 1700 levels with the dollar showing strength in the afternoon trading session. Brent fell to $63.40 with fears of China’s energy consumption levels due to China’s Factory Activity slipping to a 9 month low.

Tuesday (SAST)
5:30am - RBA Rate Statements (AUD)
3:30pm - GDP m/m (CAD)