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Weekly Outlook: Mar 18 – Mar 22: Brexit Stays in Spotlight; Fed, BoE, SNB and Norges Bank Meet

JFD

We have a packed week ahead of us, with four major central banks deciding on interest rates: The Fed, the BoE, the SNB and the Norges Bank. The only one expected to act on interest rates is the Norges Bank, which is forecast to hike. With regards to the Fed, although it is very unlikely to change policy, investors may be eager to see the updated “dot plot”. We don’t expect any fireworks from the SNB, while the BoE may also attract less attention. The focus will once again be on the Brexit landscape, as we may have another vote on Theresa May’s deal.

Monday is the only relatively light day during this loaded week. The only indicators worth mentioning today are Eurozone’s trade balance for January and the US NAHB housing market index for March. Eurozone’s trade balance is expected to have turned to a EUR 8.0bn deficit after a 17bn surplus in December. This would be the bloc’s first deficit since January 2017. The US NAHB index is expected to have ticked up to 63 from 62.

On Tuesday, during the Asian morning, the minutes of the...

Read the full financial markets weekly outlook on JFD Research.

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Source: https://www.jfdbrokers.com/en/research/brexit-stays-in-spotlight-fed-boe-snb-and-norges-bank-meet
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