History was made on Wednesday when the Federal Reserve decided to raise US interest rates for the first time in almost a decade. Confidence in the global markets received a boost whilst the dollar appreciated across the board. With the era of a near-zero rates coming to an end in the US, focus may be directed around the pace of future rate rises. Focusing on today German Ifo and Retails sales for the UK will be released in the European trading session.
-The EURUSD has continued to appreciate this trading week and the 1.1050 is acting as a barrier.
-The GBPUSD is heavily bearish and prices are headed towards 1.4900.
-WTI Oil trades towards $35
-Gold is technically bearish prices need to breach the 1060 support.
History was made on Wednesday when the Federal Reserve decided to raise US interest rates for the first time in almost a decade. Confidence in the global markets received a boost whilst the dollar appreciated across the board. With the era of a near-zero rates coming to an end in the US, focus may be directed around the pace of future rate rises. Focusing on today German Ifo and Retails sales for the UK will be released in the European trading session.
-The EURUSD has continued to appreciate this trading week and the 1.1050 is acting as a barrier.
-The GBPUSD is heavily bearish and prices are headed towards 1.4900.
-WTI Oil trades towards $35
-Gold is technically bearish prices need to breach the 1060 support.
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