Everything is about the banks

Hello, and Welcome to our weekly outlook. Let's take a short look at what we have to know in the week ahead!

Banks meetings are the main focus of the week. Especially after bond yields rising in the past weeks, market participants are waiting to see what major central banks willing to do.

#1- Main event of the week. On Wednesday, we do not expect any changes in the FED interest rate; however, eyes will be on Mr. Powell's press conference right after the meeting; his dovish or hawkish tone will be a matter.

#2- Thursday BoE meeting! All nine MPC members are willing to vote for holding the current policy. After good progress in the UK vaccination, market positive sentiment has less supporter for negative interest rates, between the economists.

#3- Bank of Japan. Boj members will meet on Friday. A more cautious policy than other major banks is what we are waiting to see from Mr. Kuroda and his team. More budget for the QE program is what the market can count on.

However, as every Tuesday and Wednesday, API and EIA inventory reports will be watched closely by energy traders, while in the US, Thursday means an Initial jobless number. Before that and On Wednesday, EZ CPI data also should be in the spotlight.

And finally Retail sales data, one of the main economic indicators. The USA will report on Tuesday, Australia, and Canada on Friday, Research more, trade safe, and Have a good week.