| Traders are strapping in for one of the biggest weeks of the year so far, with four major central banks meeting to discuss interest rates. We start in Japan on Tuesday morning (06:00) where after 8 years of negative interest rates, the Bank of Japan could finally raise rates to 0%, which could give the Yen a much-needed boost, after 3 years of declines against USD |
Next is the Reserve Bank of Australia at 06:30, where interest rates are most likely to remain at 4.35%, but with inflation remaining stubbornly high, the RBA has not ruled out further rate rises if required.
On Wednesday we get UK inflation data (10:00), where everyone will be hoping for it to dip back below 4%. GBPUSD has been range bound in 2024, but this data, combined with the Bank of England interest rate decision on Thursday (15:00), could be the catalyst for it to find a new trend.
| On Wednesday evening (21:00), it’s the turn of the US Federal Reserve to announce its latest interest rate. With higher-than-expected inflation data released last week, it is not going to be easy for them to cut rates before June, however, with unemployment rising to 3.9%, indicating some weakness in the jobs market, could this force their hand? |
Sumber Informasi: Portal FXOpen
