FOMC, BoE, Norges Bank policy meetings, key data in focus

Next week’s market movers

• The FOMC is widely expected to hike rates on Wednesday. The focus will quickly turn to the updated “dot plot”, the new economic forecasts, and Chair Yellen’s press conference.
• Given that the UK data continued to suggest that the economy performed better than many expected following the referendum vote, we expect the BoE to keep policy unchanged again via a unanimous vote.
•  We expect the Norges Bank to stand pat as well and maintain its neutral bias given well-above-target inflation, as well as the OPEC consensus and the recent advances in oil prices.
• We also get key data from China, Japan, the UK, and the US.

You can read the full report of FXGiants’s market analysis in the below PDF.

Weekly Market Outlook PDF