As widely expected, the Federal Reserve has raised interest rates for the second time this year. The Fed policy statement was fairly hawkish with the central bank surprising markets by projecting two more rate hikes this year. The main event risk today will be the European Central Bank meeting which is expected to conclude with monetary policy left unchanged. In the commodities arena, Oil is likely to remain range-bound ahead of the OPEC meeting next week.
– The #GBPUSD remains trapped in a range – #Gold has broken above the $1300 level
As widely expected, the Federal Reserve has raised interest rates for the second time this year. The Fed policy statement was fairly hawkish with the central bank surprising markets by projecting two more rate hikes this year. The main event risk today will be the European Central Bank meeting which is expected to conclude with monetary policy left unchanged. In the commodities arena, Oil is likely to remain range-bound ahead of the OPEC meeting next week.
– The #GBPUSD remains trapped in a range
– #Gold has broken above the $1300 level
For more Market Analysis read the latest @ http://fxtm.co/marketupdate-yt
Related Posts: