We are heading into a trading session principally defined by a heavily weighted event risk: the FOMC rate decision. Whether the central bank hikes 75 or 100 basis points matters for volatility, but the market’s course and tempo moving forward will depend heavily on the Fed’s forecasts and subsequent fundamental focus.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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Gold managed to trade higher on Tuesday, maintaining its bullish run ahead of key US growth and PCE inflation data. Subdued gold volatility ...
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