Ultima MarketsMarket Review and Outlook: Another Central Bank Week, the US dollar remains strong...

Last week's review

In the past week, unexpected hawking remarks by Federal Reserve officials have had a significant impact on the market. Against the backdrop of economic data and non-farm employment data suppressing interest rate cuts, the market has generated new expectations for the future direction of the Federal Reserve's monetary policy.Although there is disagreement in the market over whether the Federal Reserve will cut or increase interest rate cutscrude oilThe strong rise in gold and silver prices indicates that the market is still pursuing commodities in the short term. Brent crude oil prices have risen for the fourth consecutive week, with spot pricesgoldThe price has also broken through2300dollar/The important level of ounces has risen for the third consecutive week.

Market outlook

The next week will still be a week of intensive appearances by major central banks, with market focus on the Federal Reserve's movements, especially the upcoming announcement3The minutes of the monthly monetary policy meeting and speeches by officials may provide6The expectation of monthly interest rate cuts provides clues. At the same time, the Federal Reserve of New Zealand, the Bank of Canada, and the European Central Bank will successively release their latest interest rate resolutions.In addition, the tension in the Middle East region provides support for oil and gold prices, and the start of the US stock market earnings season will also affect stock market performance. Investors need to closely monitor these events in order to make corresponding market reactions.

Variable rate cuts by the Federal Reserve

On Thursday, the Federal Reserve will announce3In the summary of the monthly monetary policy meeting, against the backdrop of last week's economic data and non farm employment data suppressing expectations of interest rate cuts,3The minutes of the monthly monetary policy meeting and the speeches of several Federal Reserve officials this week will be highly anticipated. The market is looking forward to obtaining more clues about the future policy direction.

New Zealand interest rate resolution

On Wednesday, the Federal Reserve of New Zealand will announce its latest interest rate decision. Although the New Zealand economy has entered a double-dip recession, the New Zealand Federal Reserve may provide forward-looking guidance to investors on expected interest rate cuts this week. The market expects the New York Fed to maintain its position until the end of the second quarter5.5%The interest rate remains unchanged.

Bank of Canada Rate Resolution

The Bank of Canada will announce its interest rate decision on Wednesday. Although Canada3The monthly employment report is weak, but against the backdrop of rising crude oil prices, the Bank of Canada may still maintain a cautious dovish attitude. There is a high probability that interest rates will remain unchanged on Wednesday, and the market expects that the central bank will add at the latest6Monthly interest rate reduction.

European Central Bank interest rate resolution

The latest monetary policy decision of the European Central Bank will be announced on Thursday. Due to3The slowdown in inflation in the Eurozone in the month far exceeded expectations, and the market expects the European Central Bank to cut interest rates much more this year than the Federal Reserve. This has to some extent reversed last year's market judgment on the interest rate spread between Europe and the United States. If the European Central Bank clarifies the future interest rate path in its policy, the euro may face a depreciation trend.

Disclaimers

The comments, news, research, analysis, pricing, and other information contained in this article can only be considered as general market information and are provided solely to assist readers in understanding the market situation and do not constitute investment advice.UltimaMarketsReasonable measures have been taken to ensure the accuracy of the data, but the accuracy of the data cannot be guaranteed and can be changed at any time without notice.UltimaMarketsWe will not be responsible for any losses or losses (including but not limited to any loss of profits) that may arise from the direct or indirect use or reliance on such information.