Pippo

Investor jitters were in play ahead of the highly-anticipated FOMC decision, which then delivered what many interpreted to be a more hawkish than expected announcement, sparking huge moves across the financial markets.

As expected, the Fed lowered its interest rates by 25bps and signaled more easing ahead. So why did the U.S. dollar jump during the event?

Will BOJ Governor Ueda and his fellow policymakers agree to tighten policy this week? Or are they more likely to sit on their hands for the time being?

The Fed is widely expected to cut its interest rates by 25bps this week. How might the U.S. dollar react to the news, and how can you trade the event?

Global markets turned cautious before the Fed’s decision as strong U.S. retail sales cooled rate cut hopes, while China’s record capital outflows and BOJ hike speculation dominated currency price action on Tuesday.

The U.K. economy will be printing its CPI release a day ahead of the BOE decision this week, so the inflation report could strongly influence policy expectations.

Despite a busy economic schedule for the day, markets were off to a sluggish start and correlations were mostly out of sync while asset classes responded to individual catalysts.

The upbeat services data boosted the U.S. dollar early, but profit-taking and Fed rate cut talks erased the dollar’s gains by session’s end.

Get ready for another busy trading week ahead, as we’ve got three major central bank decisions, global PMI releases, and the Fed’s preferred inflation measure on deck.

Can the U.K. jobs data help Sterling recover from recent losses, or will signs of labor market weakness add more fuel to BOE rate cut expectations?