UK government’s ongoing Brexit disarray and ECB interest rate decision in focus
25 bps cut is widely expected in the coming FOMC meeting and Fed could be divided again. BoJ meeting is hesitant to push rate more negative and may resort to other innovate tools.
For this week, we could be seeing a recovery of safe haven currencies while commodity currencies take a backseat after Trump says that he has not agreed to roll back on tariffs.
USD continued to weaken after the Fed warranted the third cut this year on Thursday. Powell repeated that the stance of policy was now “appropriate” to keep the economy growing moderately, the jobs market strong, and inflation near the central bank’s 2% goal.
For this week, the market remains on sidelines while investors keep a close watch on the progress of US and China’s trade negotiations and the Brexit saga.
Market is pricing in a Fed rate cut in the FOMC meeting this week. How does this affect your trades?
Brexit’s outcome remains in focus while markets remain optimistic on the trade war. Are you prepared for Brexit’s outcome and US-China trade talks?
For this week, investors will be keeping a close watch on RBA’s interest rate decision and the US Non-Farm Payroll data while the focus remains on the progress of US and China’s trade negotiations.
Forex markets have a lot to digest this week as traders focus on European economic data, Brexit election and US-China trade talks. How are you positioning for these high-impact events?
USD: Back on the rising trend after trade optimism grows, retail sales on watch. AUD & NZD: Bullish sentiment for AUD on “soon to be ready” US-China trade deal. Mixed sentiment on NZD in anticipation of economic data release.