Citibank: Hawkish risks from the upcoming FOMC meeting

Citibank analysts point out that this week sees the March FOMC meeting and is going to be the key economic event for the markets.

Key Quotes

“Citi analysts expect the Fed to change the median “dot” to indicate one hike only in 2019 but with hawkish risks that it keeps them unchanged at two.”

“End of balance sheet reduction may also be announced and the meeting is also likely to see changes to the Fed’s assessment of the US economy.”

ECB’s De Guindos: Moderation in the pace of economic expansion likely to extend this year

The ECB Vice President Luis de Guindos, during a scheduled speech in Madrid, said this Monday that the incoming Euro-area data have continued to be we
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USD/CAD Technical Analysis: Continues to find decent support near 100-day SMA, around 1.3200 handle

The pair once again showed some resilience at lower levels and managed to recover the early lost ground to the 1.3200 mark, rather has turned positive
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