Central banks are in focus this week. Federal Reserve bank (FED) is expected to cut their interest rates by 25 basis points on Wednesday. The rate decision will be followed by FOMC monetary policy statement and a press conference which focus more on the future. To learn more about the importance of Interest rates in the markets and why do we (traders) care, read this post HERE. To learn how to trade the interest rates, monetary policy statement and press conferences contact me for private coaching.
On Thursday, Bank of Japan (BOJ), Bank of England (BOE) and Swiss national bank (SNB) are also deciding on their rates . BOJ is expected to hold theirs at the current rate of -0.10% and SNB is also expected to hold at the current rate of -0.75%. Bank of England is also holding at the current rate of 0.75%.
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