Central banks will be in focus this week, with monetary policy decisions due from the Bank of Japan (BOJ) and the U.S. Federal Reserve.
Since raising interest rates in December 2015, sending stock markets into a frenetic sell-off in January, the Fed has maintained its narrative that any forthcoming rate hikes will be data-dependent.
Many market watchers do not think a hike is on the cards when the Federal Open Market Committee meets on March 15-16, but they will be looking for clues on the Fed’s future policy outlook.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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