FXTM information and reviews
IronFX information and reviews
Libertex information and reviews
FXCC information and reviews
Markets.com information and reviews
FxPro information and reviews
44 075.80

Pending interest rate cuts

28 April 2020

In most countries, they continue to discuss steps to phase out quarantine, while at the same time talking about the difficulties for the rapid recovery of the global economy. So, during today's speech, the head of the Bank of Japan announced that the monetary policy will be adaptive and, as a result, the regulator can quickly and without hesitation implement easing policies. In this case, we are talking about the fact that the interest rates of the Bank of Japan may decrease as the rapidly increasing volumes of bond purchases.

The expansion of the quantitative easing policy in the form of active bond repurchases supports Japanese stock indices. At the same time, JPY's trading activity remains moderate, once again indicating a clear market uncertainty.

Goldman Sachs analysts say there is the prospect of a further reduction in the Fed's main interest rate. According to their forecast, in June we will see a decrease of 0.5%. Let me remind you that this week the Fed will hold a meeting on interest rates and monetary policy in general. As a result, the appearance of any information about the regulator’s readiness to make changes to the current policy will be accompanied by a surge in US dollar trading activity.

I will draw your attention to the moderate volatility for trading in the US dollar paired with most currencies. In addition, with the opening of the American trading session, the situation is unlikely to change very much due to the lack of news to hit the market. Also, on Tuesday, the economic calendar will be virtually empty. Only a report on changes in consumer confidence in the United States will be able to influence investor sentiment - the forecast is pessimistic.

Now let's move on to the oil market. After an abnormal collapse last week, all traders and investors are closely watching the oil price. During the Asian trading session, the price of oil declined markedly. But by the opening of markets in the United States, the situation had stabilized somewhat. Nevertheless, there is still no reason for obvious optimism, as a result, active purchases remain a substantial risk.

The nearest strong technical level of support remains around the mark of $15 per barrel of US-grade WTI oil.



Forex and Cryptocurrency Forecast for September 20-24, 2021
Forex and Cryptocurrency Forecast for September 20-24, 2021

The dollar continues to strengthen, and the EUR/USD pair moves south. Starting on Monday September 13 at 1.1810, it ends the five-day run at 1.1730. The movement...

20 Sep 2021

Gold and Silver looking into the abyss
Gold and Silver looking into the abyss

Strong US data revived bets on an imminent QE rollback from the Fed, supporting the dollar and causing bond yields to rise. The news triggered a more than 2% plunge in gold prices...

17 Sep 2021

Stocks pick up some bid after textbook SP 500 bounce
Stocks pick up some bid after textbook SP 500 bounce

European stock markets were modestly higher on Thursday after a rebound in the US and another dip for Asian equities overnight. Hong Kong down 1.7%...

16 Sep 2021

Stock Futures Trade Lower, Investors Worry About Fed Tapering
Stock Futures Trade Lower, Investors Worry About Fed Tapering

US and European futures are trading lower today, following a retracement in US indices. The Dow Jones Industrial Average fell nearly 290 points, wiping out gains...

15 Sep 2021

Futures in the United States and Europe are up today
Futures in the United States and Europe are up today

Futures in the United States and Europe are up today after the Dow managed to gain nearly 260 points and break its five-day losing streak. Although investors...

14 Sep 2021

Forex and Cryptocurrency Forecast for September 13-17, 2021
Forex and Cryptocurrency Forecast for September 13-17, 2021

The ECB meeting on Thursday 09 September went off as expected with no surprises. The interest rate remained unchanged at 0%. The European regulator...

13 Sep 2021

Editors' Picks

OctaFX information and reviews
HotForex information and reviews
XM information and reviews
FXCM information and reviews
Vantage FX information and reviews
Vantage FX
Moneta Markets information and reviews
Moneta Markets

© 2006-2021 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.