Trading advice for the 2nd of may.

The australian dollar will likely fall in value around 3:30  utc+1 am because word on the street is that the australians aren't going to get a higher interest rate which signals a stagnant economy. The thing is that they most likely aren't going to get a lower interest either.

Advised trade: USD-or-EUR/AUD

To know if you should go with the euro or dollar look at whichever is at a lower point, the lower it is the higher it can go up.

The rest of the day not a whole lot interesting is going to happen but as soon as I get something new I'll let you guys know!

Thomas