Bullet Report: Gold at lowest since April 10. FOMC next
May 3, 2017 7:49 am
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting today, but investors will look to see whether the central bank downplays the recent soft patch in the economy to leave the door open for a rate increase in June.
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting today, but investors will look to see whether the central bank downplays the recent soft patch in the economy to leave the door open for a rate increase in June.
As widely anticipated, RBA left its cash rate, for an 8th meeting, at 1.50% in April. While headline CPI has more or less reached the central bank’s target level, the core reading has remained subdued.
The EURUSD held steady at $1.0930, trading within sight of a 5-1/2-month high of $1.0951 scaled last week.
GOLD fell to its weakest level since April 10 at $1,252.60 on Tuesday as strong earnings and manufacturing data boosted risk appetite.
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting today, but investors will look to see whether the central bank downplays the recent soft patch in the economy to leave the door open for a rate increase in June.
The Federal Reserve is widely expected to keep interest rates unchanged at the end of its two-day policy meeting today, but investors will look to see whether the central bank downplays the recent soft patch in the economy to leave the door open for a rate increase in June.
As widely anticipated, RBA left its cash rate, for an 8th meeting, at 1.50% in April. While headline CPI has more or less reached the central bank’s target level, the core reading has remained subdued.
The EURUSD held steady at $1.0930, trading within sight of a 5-1/2-month high of $1.0951 scaled last week.
GOLD fell to its weakest level since April 10 at $1,252.60 on Tuesday as strong earnings and manufacturing data boosted risk appetite.
The post Bullet Report: Gold at lowest since April 10. FOMC next appeared first on Forex.Info.
Source: Easy Forex Forex.Info
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