Hello traders!
✅ The upcoming week will be full of events. The most important are central bank meetings in USA, Switzerland and UK as we expect to have an increase of bank rate.
✅ During FED Meeting market watchers will be on high alert for how the U.S. central bank views the current pace of monetary tightening, the strength of the economy, and how likely inflation is to persist - as well as signs of how the balance sheet unwind is proceeding.
✅ The Swiss National Bank meets on Thursday with officials expected to deliver a 75-basis-point rate hike, matching the European Central Bank’s recent move even though inflation in the Eurozone is far outstripping Switzerland.
✅ The Bank of Japan also meets on Thursday amid speculation that Japanese authorities are close to intervening in the foreign exchange market to support the weak yen, which hit a 24-year low against the dollar earlier this month.
My recommendation is to avoid trading during this events.
✅ The upcoming week will be full of events. The most important are central bank meetings in USA, Switzerland and UK as we expect to have an increase of bank rate.
✅ During FED Meeting market watchers will be on high alert for how the U.S. central bank views the current pace of monetary tightening, the strength of the economy, and how likely inflation is to persist - as well as signs of how the balance sheet unwind is proceeding.
✅ The Swiss National Bank meets on Thursday with officials expected to deliver a 75-basis-point rate hike, matching the European Central Bank’s recent move even though inflation in the Eurozone is far outstripping Switzerland.
✅ The Bank of Japan also meets on Thursday amid speculation that Japanese authorities are close to intervening in the foreign exchange market to support the weak yen, which hit a 24-year low against the dollar earlier this month.
My recommendation is to avoid trading during this events.
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spiceprop.com/
Contact me for any questions.