The Bank of Japan raised interest rates out of negative territory but maintains a lot of its accommodative measures to support the economy. USD continues higher as markets delay first rate cut to July
Daily Technicals
The Nikkei 225 rallied after the Bank of Japan raised rates out of negative territory. Meanwhile, the Dow little-changed and the Hang Seng has come under fresh pressure.
Outlook on FTSE 100, DAX 40 and Nasdaq 100 ahead of BoE and FOMC rate decisions.
15 Mar: Central Financial institution Bonanza: The Fed, RBA, BoJ and BoE to Present Coverage Updates
The Fed will release updated projections as a recent uptick in inflation and commodities emerge. Other central banks are set to hold and the BoJ with a chance of a surprise in the wake of encouraging wage data.
The FTSE 100 has dropped back from the multi-month high seen this week, while US indices are looking to a flat open after losses yesterday.
This article scrutinizes retail sentiment on the British pound across three key FX pairs: GBP/USD, GBP/JPY and EUR/GBP, while also examining unconventional scenarios that challenge common crowd behaviors in the market.
[2:55 PM] Richard Snow Teaser: Gold holds above the prior high, hinting at a bullish continuation while FX markets look ahead to crucial Japanese wage data that comes just in time for next week’s BoJ meeting