\ud83d\udee2\ufe0f Brent above $100 and the Iran war have put inflation back in charge, and central banks responded in a single week. The Fed, ECB and BoJ hiked, and the BoE stayed put \ud83c\udfe6. The dollar index is holding around 100\u00a0\ud83d\udcc8.<\/p>\n
\ud83c\uddfa\ud83c\uddf8 USD\u200a\u2014\u200athe strongest story<\/strong> \ud83c\uddea\ud83c\uddfa EUR\u200a\u2014\u200acapped<\/strong> \ud83c\uddec\ud83c\udde7 GBP\u200a\u2014\u200ahawkish hold, weak pound<\/strong> \ud83c\uddef\ud83c\uddf5 JPY\u200a\u2014\u200athe wildcard<\/strong> \ud83d\udcc5 Watch:<\/strong> flash PMIs on Wednesday, September 23, plus Iran and oil headlines \ud83d\udc40.<\/p>\n \u2705 Our view:<\/strong> USD strength is the best-backed move. EUR and GBP stay under pressure while the rate gap lasts. JPY needs caution near 160\u00a0\u26a1.<\/p>\n \ud83d\ude80 Trade these moves with NordFX: https:\/\/my.nordfx.com\/en\/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx<\/a><\/p>\n \u26a0\ufe0f CFD and forex trading carries high risk. Not investment advice.<\/p>\n NordFX: After the Policy Shock \u2014 Which USD, EUR, GBP and JPY Moves Can Hold? \ud83c\udf0d\ud83d\udca5<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" \ud83d\udee2\ufe0f Brent above $100 and the Iran war have put inflation back in charge, and central banks responded in a single week. The Fed, ECB and BoJ hiked, and the BoE stayed put \ud83c\udfe6. The dollar index is holding around 100\u00a0\ud83d\udcc8. \ud83c\uddfa\ud83c\uddf8 USD\u200a\u2014\u200athe strongest story The Fed raised rates by 25 bps to 3.75\u20134.00%, its […]<\/p>\n","protected":false},"author":0,"featured_media":230714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-230713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230713"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230713"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/230714"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The Fed raised rates by 25 bps to 3.75\u20134.00%, its first hike since 2023 and a unanimous one. The dot plot allows one more hike this year. Safe-haven demand from the Middle East adds fuel \ud83d\udd25. It holds as long as oil stays high. An Iran de-escalation is the main threat\u00a0\u26a0\ufe0f.<\/p>\n
The ECB lifted its deposit rate to 2.50%, with euro area inflation at 3.3% in August. Lagarde won\u2019t pre-commit to a path. EUR\/USD is near 1.1475, close to its seven-week low \ud83d\udcc9. Rallies look hard to sustain while the Fed\u00a0leads.<\/p>\n
The BoE held at 3.75% in a 6\u20133 vote, with three members wanting 4%. UK inflation is 3.1% and the Bank sees it near 3\u00be% by Q4. Even so, GBP\/USD sits near 1.3390 as the Fed gap bites. Support is at 1.3340 and 1.3270, resistance at 1.3430\u00a0\ud83c\udfaf.<\/p>\n
The BoJ hiked to 1.25%, a 31-year high, by a 7\u20132 vote. The yen still slid, with USD\/JPY near 157, because Ueda gave no firm signal on the next hike \ud83d\ude2c. Markets watch 160 for possible intervention \ud83d\udea8. Support is at\u00a0155.40.<\/p>\n