Page 2 - Fed Preview News Today

It seems unlikely that Jerome Powell and Company will rock the boat dramatically this week, but the US dollar could still gain ground - see why!

Traders expect this week’s Fed meeting to be the proverbial “calm before the storm” of aggressive Fed tightening throughout the rest of the year - see what the possibilities are!

July 27, 2021 Daily FX Market Roundup 07.27.2021 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management The U.S. dollar traded lower against the euro and Japanese Yen ahead of Wednesday’s Federal Reserve’s monetary policy announcement. This sell-off was driven by a combination of lower yields and weaker economic data. New home sales which were expected to rebound in June declined for the second month in a row. With existing and new home sales falling, the overheated housi...

FOMC meeting preview: Will inflation spook the Fed? The most important data point to watch will be the central bank’s expectations for interest rates in 2022 and 2023... Share: Traders are still digesting the surprising outcome of Thursday’s ECB meeting, wherein the central bank announced that it would start purchasing bonds at a “significantly higher pace” over the next quarter in an attempt to get ahead of rising yields and (po...

European Market Open: Tensions rise over vaccine supplies Joshua Warner January 27, 2021 7:11 AM European markets are called to open lower today as concerns grow that vaccine supplies are not keeping up with demand, sparking fears of vaccine protectionism. Share: The EU has called on vaccine manufacturers to deliver as supplies are disrupted due to manuf...

Jan 27, 2021 01:57 GMTFXStreet News AUD/JPY rises to one-week high before stepping back even as Australia’s Q4 CPI jumps above market forecasts. Aussie Westpac Leading Index eased below 0.7% prior in December, NAB Business Confidence dropped as well. Market sentiment seesaws on mixed data, vaccine hopes and IMF’s upward revision to global economic growth. Pre-Fed sentiment can probe the traders but risk catalysts may offer intermediate moves. AUD/JPY drops to 80.35, following the recent jum...