By Laura Sanchez
Investing.com - The Bank of Japan (BoJ) decided early this morning not to touch interest rates, although according to Reuters it may be preparing to raise them.
The focus continues to be on corporate earnings. Once again today, the top companies are reporting their results.
Cryptocurrencies face another volatile week.
Here are the five factors investors should consider when making their decisions today:
1. The Bank of Japan keeps interest rates unchanged (for the time being)
The BoJ this morning kept interest rates unchanged at -0.10%, as expected by the consensus.
However, according to Reuters, BoJ policymakers are discussing when to start preparing the ground for a possible interest rate hike, which could come even before inflation reaches the bank's 2% target.
Although an interest rate hike is not imminent and the BOJ will maintain ultra-loose policy at least for the rest of this year, financial markets may be underestimating its readiness to phase out its stimulus programme, according to Reuters.
2. Corporate results
Investors are already looking forward to the corporate earnings season that started last Friday. Today Goldman Sachs (NYSE: GS ), Bank of America (NYSE: BAC ) and BNY Mellon (NYSE: BK ), among others, report their figures.
4. Asia and the American stock market
On Wall Street, there was no trading yesterday due to the Martin Luther King holiday.
5. Macroeconomic data
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It seems that Nas100 is again looking for a bounce as it falls back to FibZone 38.2 on a D1 chart. Looking forward to positive news on US Markets as I anticipate a huge Buy once the it fails to fall below this Fib level.Like 0
that wonderful news indeedLike 3