Mail Mail Call Call Chat


Markets Awaiting Federal Reserve Meeting

Archivo de Noticas

2011 2012 2013 2014 2015 2016

On Tuesday, USD declined, negatively affected by a cautious stance adopted by the Federal Reserve (Fed) on raising interest rates as the greenback fell to its lowest level in 18 months against the yen.

USD index has stabilized since the beginning of the week around 94.60 levels, after it had recorded losses of around of 94.25.

USD/JPY jumped to an 18-month high backed by high demand for safe haven investments due to continued worries in the financial markets, especially Federal Reserve meeting minutes.

EUR/USD traded at 1.1360, negatively affected by soft German manufacturing data and business confidence index. Fiber (EUR/USD) is awaiting Federal Reserve meeting minutes as it could lead the the EUR to new levels, if the Fed left rates unchanged this year.

The Pound dropped amid concerns about the UK economy and traded below $1.4150. The pair could re-test levels of 1.40, if everything goes well with Federal Reserve meeting minutes.

Gold prices edged higher ahead of the Federal Reserve meeting minutes as investors turned to safe havens. Gold managed to rise during yesterday’s trading session and pared its losses. Gold settled around $1,230 and could re-test a psychological barrier of $1,200, if the Federal Reserve talks positively about interest rate hikes. 

Oil prices recovered as Kuwait revives hope for an output freeze deal. WTI jumped to $36.30 and of US oil inventories as it could have an impact on prices.

The most important economic events:

  • USD MBA Mortgage Applications (APR 1): (GMT 13:00) – Medium- Forecast (N/A)- Pervious (-1.0%)
  • USD U.S. Fed Releases Minutes from March 15-16 FOMC Meeting: (GMT 20:00) Medium

The prices and news mentioned in this outlook are absolutely no guarantee of future market performance and do not represent the view of ICM Capital Limited. Financial markets can move in either direction causing profits to be made or complete losses to be incurred by the trader. Each trader must decide for themselves what their risk appetite is and ensure that correct risk management procedures are in place before placing any trades.

Financie su cuenta

Operar Divisas o CFD´s involucra un alto nivel de riesgo para su capital y puede resultar en pérdidas que exceden su depósito. CFDs y Spot FX, son productos con apalancamiento. Operar CFD´s o Spot Fx conlleva un alto riesgo para su capital y puede resultar en pérdidas que excedan sus depósitos. Usted no debería comprometerse con este tipo de inversión a menos que usted entienda la naturaleza de las Transacciones que usted está tomando y del verdadero alcance de su exposición para el riesgo de las perdidas. Sus ganancias y pérdidas variarán de acuerdo al grado de las fluctuaciones en el precio de los mercados subyacentes en la cual está basada la operación.