A busy central bank week examined

Frank Walbaum FX Strategies.Asia

Important News this week

Tue, 10th, 04:30 CET AU AUD rate statement.
Wed, 11th, 14:30 CET US Consumer price index.
Wed, 11th, 14:30 CET CA BoC rate statement.
Thu, 12th, 09:30 CET CH SNB policy rate.
Thu, 12th, 14:15 CET EU ECB interest rate decision.
Thu, 12th, 14:30 CET US Unemployment rate.

Busy central bank week ahead

This week brings a flurry of key events for market participants. Central bank decisions from Canada, the EU, and the Swiss National Bank are in focus. A potential rate cut by Switzerland could inject fresh volatility into markets, although the Swiss Franc might continue its strengthening trend. The Canadian Dollar remains weak against most other currencies, with the USD gaining momentum against the Loonie. Meanwhile, the EUR continues to rally, pushing markets higher. In the US, CPI data will be closely watched. Will inflation continue to decline, further shaping the Fed's policy outlook?

Market talk

Crypto markets seem to start the fresh week with slight profit taking for now. Bitcoin and Ripple might continue to face some headwinds. Furthermore also the JPY is losing some steam. The Japanese Yen still remains in positive territory and all pairs might run lower at some point. Stock markets also continue their positive sentiment but candlesticks stay small. The year- end rally might still be in play.

Tendencies in the markets

Equities sideways, USD weaker, cryptos correcting, oil sideways, Silver positive, Gold sideways, JPY weaker.

Author

Frank Walbaum

FX Strategies.Asia

Frank has been working in the TV business for several years. Acquiring his skills in Germany’s biggest broadcasting station, he then chose to work and live in Asia, which was in 2007.

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