Central Banks in Focus - Jobs Report and Testimonies to Shape Rate Cut Outlook
-
Markets to watch central bank decisions from Bank of Canada, Fed, and ECB for signals on future policy direction and potential volatility catalysts.
-
Focus on Fed Chair Powell's Congressional testimonies for additional clarity into policymaker thinking and rate cut timing.
-
Jobs report on Friday could spur volatility if employment data deviates significantly from forecasts, shifting rate cut expectations.
-
Weak recent European data may lead ECB to strike more dovish tone in policy meeting.
-
Gold breaks out on bullish momentum but sustainability depends on reaction to U.S. jobs report and shifts in Fed rate cut outlook.