NewsWare’s Trade Talk: Monday, March 18

S&P Futures are trading higher this morning as markets await monetary decisions from the BOJ, FOMC & the BOE this week. The BOJ is expected to hike interest rates while the FOMC & the BOE are expected to leave rates unchanged. Wednesday announcement will include an update to the Feds Dot Plot which is expected to show Fed members penciling in 2 rate cuts this year, down from 3. Apple is said to be in talks with Google over the use of its Gemini AI tool in its new iPhone. Nivida GTC Developers conference starts today, Keynote address to discuss the company's latest AI offerings. President Biden is expected to announce a chip grant on Wednesday in Arizona. Earning announcement this week include MU, FDX, LULU & NKE. In Europe, markets are mainly higher. Oil prices are also positive this morning with both contracts at 3-month highs.