All eyes on FED today as US Interest Rate predicted to increase again.
The Question of the day is “will there be another rate hike”?
Today at 9:00 pm GFMarkets trading time, there will be a major release that may decide of the direction of the markets in the next days . If the Fed decides to raise interest rates by 25 bps later today, it could lead to banks suffering once again. But at the same time, if they decide not to raise interest rates at all, it could leave the inflation uncontrolled. Would you take advantage of the coming volatility ?
The USD has strengthened against a basket of currencies, USDCAD is making a corrective move from its recent multi-days low.
Bitcoin came closer to $29000 on high demand from institutional and retail investors. In commodity markets, Brent oil touched the lowest price since last week. Oil traders continue to focus on Saudi Arabia’s pledge to deepen production cuts.