Federal Reserve Chair Jerome Powell is under mounting pressure from President Donald Trump to begin cutting interest rates.
Markets and analysts overwhelmingly expect the Fed to hold rates steady this Wednesday.
But what if the political heat is becoming too much to bear, and Powell and the Fed board advocate for a cut this week? Some Fed governors, Chris Waller and Michelle Bowman, have already signaled support for an early cut.
FX pairs to watch
USD/JPY:
This pair remains highly sensitive to yield differentials and broader risk sentiment. However, any hawkish resistance or emphasis on data dependency may keep the pair supported, especially if risk appetite holds.
EUR/USD:
The euro has shown relative strength in recent sessions, but the pair has been hit by the announcement of the trade deal struck between the EU and US. If the Fed clearly signals it's not ready to ease, the USD could regain even ground.
Markets and analysts overwhelmingly expect the Fed to hold rates steady this Wednesday.
But what if the political heat is becoming too much to bear, and Powell and the Fed board advocate for a cut this week? Some Fed governors, Chris Waller and Michelle Bowman, have already signaled support for an early cut.
FX pairs to watch
USD/JPY:
This pair remains highly sensitive to yield differentials and broader risk sentiment. However, any hawkish resistance or emphasis on data dependency may keep the pair supported, especially if risk appetite holds.
EUR/USD:
The euro has shown relative strength in recent sessions, but the pair has been hit by the announcement of the trade deal struck between the EU and US. If the Fed clearly signals it's not ready to ease, the USD could regain even ground.
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Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.