Frank Walbaum
FX Strategies.Asia
Important news for the week
-
Tue, 17th, 14:30 CET CA Consumer prices index.
-
Wed, 18th, 08:00 CET UK Consumer prices index.
-
Wed, 18th, 20:00 CET US Fed interest rate decision.
-
Thu, 19th, 13:00 CET UK BoE Interest rate decision.
-
Fri, 20th JP BoJ interest rate decision.
Central bank week
During this week major central banks are due to decide upon their interest rates. Starting with the Fed on Wednesday it is expected that the interest rate will be cut. Jerome Powell pointed out several times in the past that a step might be due this month. On the other hand it is not expected that the BoE will reduce rates during this meeting. Instead more members of the committee might move towards a rather hawkinsh side, causing no action to be done. On Friday the Bank of Japan will also gather and might offer a surprise rate hike. The Central Bank governor Ueda had stated recently that further rate hikes might follow. The JPY is hence gearing up steam.
Market talk
The Dollar is starting much weaker into this week. Will this be a preview of what might be expected from the Fed? Risk assets are hence gearing up steam with not only equities running higher but also precious metals continue to strengthen due to the weaker Greenback. Also the price of oil keeps rising as the recent support zone seemingly has been defended. This week will be exciting but should also be traded with caution due to the many central bank news ahead.
Tendencies in the markets
-
Equities positive, USD weak, cryptos sideways, oil stronger, metals positive, JPY stronger.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This Webinar is purely for information purposes. Transactions or orders are for illustrative purposes only and should not be copied by traders. The content has been carefully compiled. However, no liability can be accepted by FX Strategies. Asia and under no circumstances should this material replace a consultation with a certified financial, investment or investment advisor in terms of their accuracy. Further information on our risk warnings can be found on our website under fxstrategies.asia.
Recommended Content
Editors’ Picks
AUD/USD: The hunt for the 0.7000 hurdle
AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.
EUR/USD rebounds on Thursday after midweek pullback
EUR/USD tuned back into the high end on Thursday, getting bolstered by a broad-market selloff in the Greenback. US data that printed better than expected helped to ease concerns of a possible economic slowdown within the US economy looming over the horizon.
Gold holding at higher ground at around $2,670
Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors.
Ethereum investors show bullish bias amid ETF inflows and positive funding rates, exchange reserves pose risk
Ethereum traded around $2,640 on Thursday, up more than 2% following increased bullish bias among investors, as evidenced by ETH ETF net inflows and an uptrend in funding rates. However, investors may be wary of a potential correction from ETH's rising exchange reserve.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.