Strategy Video: ECB and RBA Just a Few Market Movers this Week
• The FOMC decision was a major event risk this past week, but it's impact was uneven
• Four major central banks are scheduled to announce policy this week with varying outcomes
• Expectations and speculation have more to do with their market impact than the outcomes themselves
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The push and pull of interest rate speculation and stimulus programs will set the FX market up for potential volatility swings this week. Following in the wake of the FOMC's decision to Taper and the balanced outlook for the timing on rate hikes last week, we have four central bank decisions on tap this week. The ECB, BoE, BoJ and RBA are all on the calendar, but their market impact will not be consistent. A key to determining the currency and capital market impact each of these events have is to establish the market's expectations and the impact recent bias changes may have had on the Euro, Pound, Aussie and Yen. We talk monetary policy in today's Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.