FOMC minutes

Crude Oil Update: With both the Chinese and US economies reporting economic statistics previously seen in 2009, bearish pressures have driven oil prices back towards the 2024 lows, raising concerns about a potential decline into the $60 price range.

EURUSD, Silver Analysis: Following the EURUSD’s breakout ahead of the US Dollar, the Euro has retested its December 2023 highs, while Silver has regained positive momentum, continuing its primary uptrend.

USDJPY Forecast: The bearish sentiment surrounding the U.S. dollar is dominating the week ahead, driven by expectations of a dovish outlook from the Federal Reserve, which is pushing the USDJPY pair back toward the 145 level. On the other hand, expectations surrounding Japanese monetary policy remain a significant factor, particularly in light of the evolving inflationary trends in Japan.

Crude Oil Forecast: Oil market volatility is expected next week with Powell’s economic outlook and crude oil inventory updates.

EURUSD, DXY Analysis: With the U.S. Dollar Index (DXY) holding above its crucial 102 support level, the EURUSD pair struggles to maintain its position above the 1.10 mark. The question remains: Will the Dollar’s support be breached with the upcoming Federal Reserve outlook?

EURUSD Forecast: EURUSD is trading above of its key consolidation ahead of FOMC minutes

Crude Oil Update: in light of increasing geo-political risks, environmental risks, OPEC+ quota alignment, and anticipated summer season demand, oil is surpassing 2-month highs. Where is the next resistance?

Crude Oil Outlook: Crude oil breaks above its 7-day consolidation, and key 82 level ahead of monthly close.

As if 75bp was not enough, the RBNZ came out swinging by increasing their terminal rate much higher than we anticipated.

With the Fed raising 75bps at its September meeting, the FOMC Minutes noted that the risks of doing too little outweighed the risk of doing too much.

With the Fed raising 75bps at its September meeting, the FOMC Minutes noted that the risks of doing too little outweighed the risk of doing too much.

The FOMC Minutes from the June 14-15,2022 meeting told a story of a scared Fed that will do anything to stop inflation from increasing, even if it means slowing growth.

The Minutes from the March 16th FOMC meeting were a bit stale, as almost all Fed speakers have been hawkish lately.

Members suggested that it could be appropriate to begin to reduce the size of the Federal Reserves’ balance sheet relatively soon after raising rates

Markets may know more when Powell and Treasury Secretary Yellen testify in front of Congress on Tuesday.

Whilst divisions remain among the ranks, the Fed minutes revealed ‘most members’ are on board to taper which pushed already-fragile equity markets lower in the last hour of trade.

As it turns out, the minutes only emphasized the central bankers’ uncertainty about the path of the economy and monetary policy heading into 2022...