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Today’s FOMC meeting was uneventful. However, Powell’s press conference which followed provided less hawkish comments for the markets to feast on

Will the weather effect from today’s ADP Employment Change have the same effect on January’s NFP report?

Stocks are heading southwards after Snap, a usual canary in the coal mine, posts the slowest revenue growth since going public in 2017 and as investors await the Fed rate decision.

The market has been quick to dismiss the Fed’s hawkishness and price in a lower terminal interest rate in recent meetings...

Gold lacks direction ahead of the Fed meeting. Oil looks to Fed & OPEC+ meeting.

The conclusion of the FOMC meeting at 19:00 GMT is hands down the main even, so we could be in for a session of tight ranges beforehand (and fireworks after).

The GBP/USD could be heading to 1.25 if the BoE does not deliver a dovish surprise.

While a 50 basis point hike is fully priced in, there’s still a lot of uncertainty in terms of forward guidance...

China’s PMI beat expectations and expanded, which could give global growth prospects a boost as China continues to reopen

Australia’s retail sales were down a lot more than expected in December, suggesting much of the hype had died over the Black Friday Sales and Cyber Sales Monday in November.

Since October 2022 the pair has been moving higher and has recently hit the 61.8% Fibonacci retracement level

…But the trend remained bullish ahead of key earnings and central bank meetings

With the FOMC and the ECB meetings, along with a treasure trove of important economic data from the US and Europe, EUR/USD should be volatile this week.

US stocks are falling with the Nasdaq leading the charge lower, as Fed jitters emerge. With so much good news priced in will the Fed live up to expectations?

Apple’s most important quarter for sales was hit by supply chain disruption in China.

DAX falls ahead of GDP data. Oil slips in early trade with OPEC+ coming into focus.

Despite hopes of a rebound in demand due to China’s reopening, oil bulls have repeatedly failed to help WTI crude oil close above $82 – and momentum now points lower.