FOMC

USDJPY Forecast: the anticipation of a tighter monetary policy at the next BOJ meeting has dominated oversold pressures on the USDJPY. Is there a reversal on the horizon?

Harris replacing Biden may not be a radical overhaul where policies are concerned, but it has certainly brought the Democrat’s prospects for maintaining power back from the brink of death. From a market perspective, it means Trump is no longer a ‘walk in’ President, and political headlines from the US are no longer driving sentiment for now. Thankfully, we have intertest rate decisions from the FOMC, BOE and BOJ to drive sentiment, along with NFP and Australia’s CPI report for good measure.

Nasdaq Outlook: The latest monetary policies reversed the euphoric market trends, but not for Nasdaq

EURUSD Forecast: A drop in CPI results put the EURUSD back above key level 1.0820. What’s next for FOMC?

The incoming US inflation report and FOMC meeting are highly anticipated events, as they can shape expectations for Fed policy beyond 2026. Volatility is expected, so we look at key levels for EUR/USD and gold ahead of these events.

Crude Oil, Natural Gas Analysis: Crude Oil is tracing its largest gain since March, while Nat Gas is breaking through 6-month highs.

GBPUSD outlook: Non-Farm Payrolls halted 3-month highs, what’s next for CPI and FOMC?

With a key US inflation report being delivered less than six hours ahead of an FOMC meeting, it leaves plenty of potential for volatile swings leading into the headline event of the week. The Bank of Japan also announce their monetary policy decision, which puts USD/JPY onto the radar for currency traders.

Fed Chairman Powell sounded like someone who was looking for an excuse – any excuse – to cut interest rates in his press conference.

Gold has been falling back in the past week and a half after hitting a record high at $2195. The key question is whether today’s FOMC policy decision will cause it to fall back even further, or will it trigger a fresh wave of buying that could propel the precious metal towards a new all-time high.

Will the yen make a comeback with BoJ finally ending negative rates? Attention now turns to FOMC policy decision, with traders expecting the median dot plots to point to 2 rate cuts in 2024 – but is a hawkish Fed already priced in? USD/JPY technical analysis points higher, but do watch out for a potential false breakout.

FOMC meeting risks are skewed toward a less dovish outcome, with the potential for the median Fed dot for 2024 to rise to 4.9%, or only two interest rate cuts for 2024.

It’s going to be a massive week for EUR/USD traders with major central central bank decisions, inflation updates from around the world, flash PMIs to sink your teeth into along with a busy ECB speaking calendar. But in the end, one event will likely override all others: the Federal Reserve’s March FOMC interest rate decision.

It is a monster week ahead for traders with a key focus on central banks, with BOJ, Fed, BOE and RBA meetings on the menu.

Gold traders have a decision to make with fundamental headwinds building from a stronger US dollar and higher bond yields with the price yet to meaningfully respond. What the Fed signals next week looms as crucial for directional risks.

Underlying disinflationary pressures in Tokyo intensified last month, pointing to the likelihood of similar trends nationally and underscoring the need for wage growth to reach sufficient levels to boost flagging consumer demand.

USD/JPY remains supported on dips but where does the next leg higher come from? The US rate outlook has adjusted substantially, pushing yields rapidly higher. With risk appetite nearing euphoric levels, it begs the question: will conditions get any better for bulls than now?