Central Financial institution Watch Overview:
- The Federal Reserve delivered its charge minimize, and whereas hinting at a pause within the minimize cycle, Fed Chair Powell made clear no charge hikes are coming any time quickly.
- Despite the fact that the Financial institution of Japan opted to remain on maintain, charges markets predict motion quickly. In the meantime, the Financial institution of Canada has seen charge minimize odds rise barely after the October BOC assembly.
- Retail trader positioning suggests USD/JPY could proceed to rally whereas USD/CAD could proceed to fall.
Due to extra perceived progress on the US-China commerce warfare entrance and Brexit on the backburner because the UK gears up for an additional basic election, central banks have seen rate of interest minimize odds shift meaningfully in current days. Continued rallies by world fairness markets alongside weak point among the many trio of secure haven currencies – Japanese Yen, Swiss Franc, and US Greenback…