Now: Risk Aversion Sentiment Remain Strong

The rising inflation has switched the panic mode in the market after the sentiment remain from the rising inflation figure from Friday. The inflation currently reached the multi-decade high and market participant is expecting a very aggressive rate hike and tightening policy in order to counter the current situation in the upcoming FOMC meeting this week.

This week, a few central banks will also announce their monetary policy stand in which also become a major attraction for the market participants. Among the central banks, Switzerland National Bank (SNB), Bank of England (BoE) and Bank of Japan (BoJ) will announce their decision this week. Although everyone already knows on general what is BoJ stand so there is less impact for the BoJ announcement.