Central banks, stocks and crypto [Video]

Frank Walbaum

Important news this week

Tue., 09th 04:30 CET AU RBA rate statement.
Wed., 10th 15:45 CET CA BoC rate statement.
Wed., 10th, 20:00 CET US FOMC interest rate decision.
Thu., 11th, 09:30 CET CH SNB rate decision.

Important data week

Market participants will focus on several interest rate decisions this week. While it is not expected that the RBA from Australia and the BoC from Canada will cut interest rates, the FED from the United States is finally expected to reduce rates again. Weaker ADP employment data and the easing of inflationary pressure might support the FED to cut rates. The economy might hence get some support with the injection of fresh liquidity. Also, the potential weakening of the Greenback might help boosting stock markets higher.

Market talk

Heading into the potential rate cut of the Federal Reserve in the US the Dollar is losing some steam again. The move might be amplified if rates are being reduced. At the same time the AUD remains solid against other currencies and might continue to rise. This, in turn, will also signal potentially further support for the equity market. The DAX is rising alongside US indices, while the positive risk sentiment might also help the crypto market to rise again.

Tendencies in the markets

Equities positive, USD weaker, crypto positive, oil positive, Silver sideways, Gold sideways.

Author

Frank Walbaum

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