Central banks making policy decisions, FOMC minutes anticipated, equity markets optimistic

Global financial markets are gearing up for a crucial week with central banks like the RBA and RBNZ making policy decisions. The release of the FOMC minutes is highly anticipated, providing insights into the Fed’s pivot toward easing. The Trump tax debate is reigniting, with speculation about further corporate tax cuts. Equity markets are optimistic, but concerns about fiscal sustainability linger.

The RBA is expected to cut rates, while the RBNZ may adopt a dovish tone. The FOMC minutes could signal a September rate cut. Jobless claims in the US and industrial production figures globally will impact growth outlooks.

EUR/USD is holding steady above 1.17 on improved PMI figures and ECB’s data-dependent stance. Gold remains consolidating around $1,300 amid rate cut bets and political risks. USD/JPY is on the brink of a breakout, with resistance levels being closely monitored amid central bank policies and tax narratives.

Read more at Investing.com: Weekly Market Outlook: Key Moves in Gold, EUR/USD, and USD/JPY