By Chris Becker
On edge is the way to describe risk markets, as we head into what could be the most important week in the economic and political calendar. The Bank of Japan and the Federal Reserve will both be meeting later this week, with the former expected to announce further stimulus and the latter, the real direction and magnitude of its interest rate agenda. In between we get the first televised debate between the “top” two Presidential candidates, and aside from showing the broken US election system, polls and hence markets will finally get some inkling and what is the most likely outcome in November.
As usual on Monday morning, I take a step back and look at longer term charts for more context.