BOK Expected to Hold Rates at 2.50% as Housing and Currency Pressures Persist 
Japan’s Rising Inflation Strengthens Case for a Near-Term BOJ Rate Hike 
Japan’s Finance Minister Signals Alignment With BOJ as Rate Hike Speculation Grows 
RBNZ Cuts Interest Rates Again as Inflation Cools and Recovery Remains Fragile 
Brazil Central Bank Plans $2 Billion Dollar Auctions to Support FX Liquidity 
Fed Officials Split as Powell Weighs December Interest Rate Cut 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Dec 13th, 2023, FOMC statement (7:00 pm GMT)
Dec 14th, 2023, SNB monetary policy (8:30 am GMT)
ECB monetary policy statement (1:15 pm GMT)
BOE Monetary policy (12:00 pm GMT)
FOMC-
The Federal Reserve expected to keep policy rates on hold. The main things to watch out for are US Fed updated economic projections and new dot plots. Markets anticipate a 25 bpbs rate cut by Fed in Mar due to easing US inflation.
Levels to watch- US dollar index
Major resistance- 104.35,105
Major support- 103.25,102.40
ECB -
ECB anticipated to keep rates unchanged and rule out any further rate hikes in the near term. Markets predict an aggressive six-quarter rate cut in 2024and any dovish comments from the ECB chairman will drag EURUSD lower to 1.0660.
Major resistance- 1.0820,1.0900
Major support- 1.0720,1.0660
Swiss National Bank (SNB)-
Swiss National Bank will keep borrowing costs steady at 1.75%. According to UBS Group AG economist, SNB expected to cut rates from June 2023 as inflation slowed drastically in Nov 2023.
Major resistance- 0.8865,0.8900
Major support- 0.8660,0.8600
Bank of England (BOE)
BOE to keep rates unchanged at 5.25% with the vote split to be 6-3. Markets anticipate an 80 bpbs rate cut in 2024 with the first cut in August.
Major resistance- 1.2620,1.2725
Major support- 1.2500,1.2470
