Sneak Peek: FOMC Could Be Less Dovish Than What the Market Expects
With strong US economic data and optimism from Fed speak, USD/JPY could move higher despite a 100% priced in rate cut.
With strong US economic data and optimism from Fed speak, USD/JPY could move higher despite a 100% priced in rate cut.
RBNZ could hint that they are looking for further easing amidst escalation of the US-China trade war. NZD/JPY could fall further.
Both Powell’s testimony and Bank of Canada’s monetary policy announcement are happening tonight. We should expect huge volatility in USD/CAD.