Big fish are caught in muddy water)))) Many do not understand the rate increase in the price, then hacking of large transactions will lead to the reverse logic and sale of the dollar.
Markets consolidate with a slight US dollar bias ahead of FOMC
Considering the hype surrounding Donald Trumpís meeting with Kim Jong Un of North Korea, financial markets gave a pretty muted response. There are bigger fish to fry, and that leads us to the FOMC meeting today as a degree of consolidation has been forming. If there is any direction, it is coming with US yields edging higher (the 10 year Treasury yield is back within reach of 3% again), allowing the dollar to regain some lost ground ahead of the announcement. The Federal Reserve is expected to raise rates by another 25 basis points which would be the second of at least three rate hikes that the market is pricing for 2018. However, whilst ... (full story)
- Posted: Jun 13, 2018 3:52am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 1,168