- There’s deluge of important news to digest today and investors will be particularly focused on the BoC Interest rate decision tomorrow and the BoJ monetary meeting on Thursday. - Even though no major change is expected by the BoJ in terms of future monetary policy, the Central Bank could also send out warning signs of a further slowdown in the economy.
- Stock prices seem well bid and we could see some further gains as major indices point higher. A firm USDJPY pair could see more upside momentum amid what appears to be a stronger than expected Earning's season.
- The BoC interest rate decision is not meant to change the market tone much but the Central bank is also expected to give more insights on future economic outlook.
- New possible sanctions on Iran are boosting Oil prices further: markets seem to be heading higher and could stay in a positive range throughout the day.
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