The Fed will most probably keep the rates unchanged today [Video]
|Yesterday’s Bank of Japan (BoJ) decision to exit the negative rates went quite smoothly for equities and bonds, relatively disquieting for the yen. The USDJPY spiked past 151.50 this morning while the EURJPY hit a fresh high despite the dovish vibes from the European Central Bank (ECB) and a hawkish move from the BoJ.
In the US, the Federal Reserve (Fed) will most probably keep the rates unchanged today, update its dot plot and maybe give a hint on whether they will start slowing QT.
The EURUSD is testing the 100-DMA to the downside before the Fed decision, while Cable is preparing to return to the December-to-March down trending channel following a softer-than-expected inflation report released just this morning in the UK. Strong US dollar and rising US yields pressure gold prices to the downside, while US crude extended gains extended gains past the $83.50pb yesterday after the latest API data showed that the US oil inventories continued to drop on the week to March 15th. The S&P500 flirts with ATH levels, Nvidia remains upbeat, risk appetite remains strong as Reddit prepares to go public.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.