The Federal Reserve’s Federal Open Market Committee meet today, the announcement will come at 1800GMT I posted a preview here already: As you can, see expectations for anything of significance are low indeed
The Bank of Japan have published their calendar of dates for scheduled Japanese Government Bond purchases One to print out and stick on the fridge! — Earlier:
Goldman Sachs on the Bank of Japan July 31 monetary policy announcement yesterday This in brief from a client note (bolding mine): GS with a summary of the updates to the BOJ ‘Outlook’:
I wondered aloud a little earlier about the yuan refence rate setting today I’m not the only one, this snippet via Macqaurie: – USD/yuan is likely to “catch a bid” And yes, that it has:
The latest from the US administration is chatter of the 10% tariff on Chinese imports going to 25% ICYMI: So, what do you reckon, POBOC to slash the CNY value today in response? Or will It take more than a day to respond?
Bloomberg survey It’s all about Iran as sanctions get set to go into effect. There is a lot of skepticism that Saudi Arabia can fill in the gap. ForexLive
BOE hike expected tomorrow The GBPUSD is waffling up and down as traders prepare for the FOMC decision today and the BOE hike (expectation) tomorrow. For the week the pairs ranges was defined yesterday. The high price stalled after breaking above a channel trend line (the high reached 1.3188). The downside stalled near a low…
Weekly US oil inventory data API numbers late yesterday: ForexLive
The 111.98-112.05 is a swing area for traders Back in December-January, the price of the USDJPY moved above the 111.98-112.05 and chopped in a range up to 113.75 (see daily chart below). On January 10th, the price fell back below that area and trended lower (to the March low of 104.62).
A lot of weight being put on the FOMC decision There wasn’t anything overly hawkish in the FOMC statement and maybe that’s a reason to sell the dollar but I don’t think it’s as big of a reason as, say, a full-blown trade war with China.