The Japanese yen has shown broad strength across multiple major currency pairs. Potential countertrend moves and key levels considered

The Fed and the BoE have left monetary policy levers untouched and continue to push back against aggressive market rate expectations. Next up, the last three of the Magnificent Seven tech companies report earnings.

Markets are calm ahead of the FOMC decision later this evening where it is widely anticipated there will be little new information to digest. Powell’s press conference may provide more detail but the data-dependent Fed is likely to simply extend its cautious approach

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.

This article focuses on the technical outlook for EUR/USD, GBP/USD, USD/JPY and USD/CAD outlining important price thresholds that could serve as support or resistance in the upcoming trading sessions.

Germany and the Euro Area both avoided entering a technical recession by the barest of margins, but the outlook remains gloomy for both.

Indices have made gains once more, though US indices face a major test with big tech earnings, a Fed decision and payrolls data all happening this week.

This week sees a plethora of high importance data including two central bank updates, non-farm payrolls, mega-cap earnings and we find out if Europe’s largest economy finally succumbs to a technical recession.

​​Outlook on FTSE 100, CAC 40 and S&P 500 amid Fed and BoE meetings and as five of the ‘magnificent seven’ US stocks report their earnings ahead of Friday’s US Non-Farm Payrolls.

Major central banks provide updates on policy in the same week we get heavy hitting earnings data from Alphabet, Microsoft, Apple and Amazon. US non-farm payroll data rounds off the week