Investors were left disappointed on Wednesday following the lackluster FOMC minutes which failed to provide additional clarity on when the Fed may raise US rates. Dollar sensitivity has become a dominant theme and this could persist as rate hike expectations fluctuate. Sterling traded higher this week following the positive domestic data which quelled concerns over the health of the UK economy. WTI Crude was elevated by Dollar weakness while production freeze hopes attracted buyers to send prices higher. Gold remains trapped in a fierce tug of war.
• The #EURUSD is turning bullish on the daily with Dollar weakness propelling the pair • #USDJPY is under immense pressure • #Gold remains sensitive to US rate hike expectations
Investors were left disappointed on Wednesday following the lackluster FOMC minutes which failed to provide additional clarity on when the Fed may raise US rates. Dollar sensitivity has become a dominant theme and this could persist as rate hike expectations fluctuate. Sterling traded higher this week following the positive domestic data which quelled concerns over the health of the UK economy. WTI Crude was elevated by Dollar weakness while production freeze hopes attracted buyers to send prices higher. Gold remains trapped in a fierce tug of war.
• The #EURUSD is turning bullish on the daily with Dollar weakness propelling the pair
• #USDJPY is under immense pressure
• #Gold remains sensitive to US rate hike expectations
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