🌀 Trump Tariffs Remain Unclear — Central Banks Adopt a Wait-and-See Approach
This week has been a critical one, with major central banks including the Bank of Japan (BOJ), the Federal Reserve (FOMC), and the Bank of England (BOE) announcing their monetary policy decisions. All of them opted to hold interest rates steady, clearly signaling a cautious stance as they wait to better understand the direction of the global economy.
What stood out most was the shared sentiment among central banks that the impact of Trump’s tariff policies remains highly uncertain. In the short term, inflationary pressure is a concern, while in the longer term, the risk of economic slowdown is also on their radar — making policy decisions increasingly complex.
💵 USD Sell-Off Pauses — Is a Rebound on the Horizon?
The wave of USD selling that had gained momentum since early March has now calmed, with signs of a potential rebound starting to emerge.
That said, the next clear direction for the dollar is still uncertain. The market’s movements into the weekend may offer clues about what lies ahead next week.
🔍 Key Focus for Today
đź“Š Economic Indicators (Limited Impact Expected)
- UK Public Sector Net Borrowing (Feb)
- Turkey Consumer Confidence Index (Mar)
- France Business Climate Index (Mar)
- Eurozone Current Account (Jan) & Consumer Confidence Flash (Mar)
- Canada Retail Sales (Jan)
➡ No major data expected to move the broader market — we are likely to see a quiet, range-bound session today.
đź—Ł Notable Events & Speeches
- Escrivá, Governor of the Bank of Spain (Topic: AI and Finance)
- Goolsbee, President of the Chicago Fed (CNBC appearance)
- Williams, President of the New York Fed (policy-related remarks anticipated)
Markets will be paying close attention to Goolsbee and Williams, especially in the wake of the recent FOMC meeting.
If they reinforce a “rates on hold for now” message, that could further support a short-term USD rebound.
📌 Today’s Trading Strategy
We’re currently in a high-volatility environment with frequent shifts in market direction.
As a result, I’ve prioritized quicker profit-taking and early exits this week, focusing on short-term gains. While price swings haven’t been huge, I’ve been able to secure consistent small profits, keeping the account in positive territory.
Today, with no major economic data on deck, large market moves seem unlikely.
My plan is to keep risk low, and if a clear opportunity appears, I’ll snipe it with precise short-term trades.
If you’d like this rewritten version adapted for weekend newsletters, blog articles, or even social media posts, feel free to let me know!
