Mixed Sentiment Persists in US Stock Market Amid Strong NFP; Fed Decision Holds Key

As risk-off sentiments may be here to stay for some time, buy gold at dip?

With Fed widely expected to keep its monetary policy unchanged, market will be focusing on Powell’s press conference on Fed’s forward guidance. Long gold at dip?

With Bank of Canada (BoC) cutting domestic and global growth forecast, we can expect further profit-taking from long Canadian dollar trades. USD/CAD could rise further.

With the number of FOMC members who believe further easing is not necessary increasing, the cut tonight might be the last one for the year. USD/JPY could rise higher.

Although a no-deal Brexit is temporarily avoided, the delay in Brexit will create additional uncertainty in the trading landscape. GBP/AUD could head lower.

The members of Parliament will likely support the deal as they do not want to be blamed for a no-deal Brexit if it fails this Friday.

RBA is likely to cut rate tomorrow, short AUD/USD at any rally.

New Zealand dollar rose after RBNZ highlights no significant change in monetary policy outlook. With further easing not likely to happen, NZD/USD could rise higher.

A less dovish Fed and the US repo market chaos continue to weigh on risk sentiment, short USD/JPY.