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Market sentiment positive ahead of Federal Reserve
The increasingly positive market sentiment remains on track as the Federal Reserve begins its two day meeting today. This prospect could begin to pull traders to the side-lines over the next day and a half, but for now there is a risk positive theme running through the markets. This comes as the safe haven assets continue to be shunned. This is marked in Treasury yields which have increased sharply in recent days. In just over a week the 10 year yield has pulled higher from 2.02% to 2.22%. This move has helped to strengthen the dollar, whilst also driving weakness on gold and the Japanese yen. Equities have held up ... (full story)