🏦 It's a huge week for markets, with decisions due from the Fed, ECB and Bank of Japan. The Reuters Morning Bid podcast looks at what investors will be watching most closely

This week brings scheduled policy decisions from the Federal Reserve, the European Central Bank and the Bank of Japan, according to a Reuters Morning Bid podcast preview of the events investors are watching most closely. The main transmission channel is the policy rate differential across the three major central banks, which shapes relative yields and currency flows; a divergence in direction or tone between the Fed, ECB and BoJ can shift capital between dollar, euro and yen assets. The euro and European government bonds are the most directly exposed given the ECB's decision is named in the report, with bond yields and the euro's exchange rate likely to react to any change in the ECB's inflation outlook or guidance on future rate moves. Traders should watch the ECB's policy statement and the press conference that follows, where forward guidance on the timing of further easing or tightening will likely matter more for pricing than the immediate rate outcome.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

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