The Bank of Japan will announce its September monetary policy decision on Friday. No changes are expected, but the institution may subtly signal that a shift in the strategy is looming on the horizon.

The ‘Hawkish” Fed pause put an end to an excellent rally for Gold this week. The precious metal dropping around $30 since the FOMC meeting with further downside growing more likely in a higher rate environment.

The ZAR’s reaction to the SARB policy statement was relatively muted as the decision was in line with consensus, and guidance from the central bank was mostly like that issued in the previous meeting

The BoE voted 5-4 to hold rates steady, pointing to a softer labour market, falling business sentiment and progress on inflation. GBP repricing takes effect as sterling drops

The Euro is battling to hold a multi-week level of support against the US dollar after the FOMC’s hawkish hold last night

​​The Fed’s ‘hawkish pause’ has sent markets into a tailspin, with stocks falling as investors contemplate the prospect of a much longer period of higher interest rates in the US. ​

AUD prices broke down further this Thursday morning as markets continue to digest the Fed’s rate decision yesterday.

Higher for longer US interest rates coupled with the outperformance of the US economy are keeping the uptrend in global USD intact. What’s next for EUR/USD, GBP/USD, and AUD/USD?

The S&P 500 and the Nasdaq 100 index look set to test support that could define the trend for the coming weeks after the Fed stuck with the hawkish script. What is the outlook and the key levels to watch?