Today's session in the financial markets begins with significant news from New Zealand, where at 2:00 (Warsaw time) the decision to maintain the Official Cash Rate at 2.50% was announced, in line with forecasts. This event did not cause major surprises; however, the market is closely awaiting details from the RBNZ Rate Statement and RBNZ Press Conference, which may provide additional insights into future monetary policy. Traders' eyes will also be on the United States, where at 18:00 (Warsaw time) the FOMC Meeting Minutes will be published, which always generate considerable excitement, offering insights into the Fed members' thoughts on the future of interest rate policy.
Analyzing the context of the current week, we note that Monday's ISM Services PMI data slightly disappointed with a result of 54.0 against an expectation of 54.2, indicating a slight slowdown in the services sector. Yesterday's sessions did not bring significant changes, but today's events, including the RBNZ decision and the upcoming FOMC Minutes, could significantly impact sentiment. It is worth noting that recently the Fear and Greed Index rose to 43, showing that despite the prevailing fear, investor optimism is gradually increasing.
Traders should pay special attention to the FOMC Meeting Minutes results at 18:00 (Warsaw time), which may introduce significant volatility to the market, especially regarding expectations for interest rates in the USA. Today's RBNZ decision has already set the tone for the morning session, but US data will be crucial for afternoon trading. Volatility may be particularly pronounced in the afternoon, so caution is advised when making investment decisions.
