FX Week Ahead: FOMC & RBNZ Rate Decisions, EZ CPI, Canadian GDP

Talking Points:

– The Federal Reserve will raises rates by 25-bps rates on Wednesday, while the Reserve Bank of New Zealand won’t change policy whatsoever.

– The September Eurozone CPI and the July Canadian GDP reports on Friday should inject volatility into the Euro and Canadian Dollar, respectively, at the end of the week.

Retail trader sentiment are mostly net-long the US Dollar, which portends to more weakness in the coming days.

Join me on Mondays at 7:30 EDT/11:30 GMT for the FX Week Ahead webinar, where we discuss top event risk over the coming days and strategies for trading FX markets around the events listed below.

09/26 Wednesday | 18:00 GMT | USD Federal Reserve Rate Decision and Press Conference

The Federal Reserve will raise rates when it meets on Wednesday, with Fed funds futures pricing in a 100% chance of a 25-bps rate hike. The glide path of interest rates have steepened in recent weeks, with investors now pricing in a 77% chance of a fourth and final hike this year in December. The already high expectations for further tightening mean that a rate hike alone won’t

Article source: https://www.dailyfx.com/forex/fundamental/article/5_key_events/2018/09/21/FX-Week-Ahead-FOMC-RBNZ-Rate-Decisions-EZ-CPI-Canadian-GDP.html