Fed to cut rates but what about BoJ and ECB?

Описание: #USDollar #Fed #FOMC #BOJ #ECB #eurusd #USDJPY #spx500


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The three major US indices were holding into unchartered territories at the time of writing, with the benchmark stock indices in places like Japan, the UK and Spain also hitting record highs today. Sentiment is as bullish as it can be heading into what could be one of the most consequential two-day periods for markets this quarter. Traders were juggling multiple catalysts ranging from central bank rate decisions, a barrage of heavyweight tech earnings, and a highly anticipated meeting between US President Donald Trump and his Chinese counterpart Xi Jinping. Trump’s upbeat tone ahead of the summit gave markets an extra push. He hinted at easing tariffs tied to the fentanyl dispute and said he plans to discuss Nvidia’s Blackwell AI chips with Xi. His remarks sent Nvidia soaring to a $5 trillion company and propelled the S&P 500, Nasdaq 100 and Dow Jones to new record levels. In a market already high on AI-fuelled enthusiasm, that was all investors needed to keep the rally going. The Fed’s expected rate cut tonight should help to keep the S&P 500 analysis positive even as concerns over valuations and narrow market breadth raise some sustainability questions.