The central bank of Australia delivered another 0.25% rate increase, after the recent surge in inflation, pointing to more tightening in the upcoming months

After Friday’s blowout employment report, markets are now pricing a higher Fed terminal rate, which weighs on the stock market, along with recent mostly poor tech earnings and US-China tensions

The US economy added 517,000 jobs in January and unemployment dropped to new five-decades low, which strengthens the Fed’s view on the appropriate policy path and sent the pair lower on Friday

Netflix and Meta Platforms provided encouraging quarterly results, but yesterday’s earnings reports by the rest of the FAANGs (Apple, Amazon, Alphabet) were troubling

Both central banks raised their benchmark rates by another 0.5% as expected, but the Bank of England softened its messaging, whereas its European peer remained aggressive, despite some less hawkish elements

Watch today’s US Open for commentary on the Fed’s feeble pushback against market expectations for a pivot, the BoE’s dovish hike and the ECB’s explicit guidance for another 50 bps rate increase

The US Fed hiked by 25 bps and pointed to more tightening, but weak pushback against markets expectations for a pivot hurt the greenback and helped BTC/USD to higher highs

The tech index builds on Wednesday’s gains as the Fed pointed to more tightening, but appeared less aggressive, while Meta Platform’s results spurred optimism

The US Federal Reserve downshifted again with a 25 bps rate increase, maintained guidance for more tightening and Chair Powell was hawkish, but not forcefully so

The pair covers most of the losses from the increase in New Zealand’s unemployment and lacks firms direction, as markets gear up for the monetary policy decision by the US Fed

Watch today’s US Open for insights on the upcoming central banks blitz, as the US Fed, the Bank of England and the European Central Bank announce their monetary policy decisions