The US Federal Reserve, as expected, kept interest rates unchanged at 2.25-2.50% Wednesday. The trajectory of rate hikes was also narrowed, with the central bank stating it will not hike interest rates this year amid a slowing economy.
Global Markets: Asian Stock Markets : Nikkei up 0.12%, Shanghai Composite down 0.01%, Hang Seng down 0.24%, ASX down 0.32% Commodities : Gold at $1303.85 (-0.20%), Silver at $15.33 (-0.29%), Brent Oil at $67.80 (+0.28%), WTI Oil at $59.31 (+0.03%) Rates : US 10-year yield at 2.610, UK 10-year yield at 1.194, Germany 10-year yield … Continue reading Wednesday 20th March: Asian markets see-saw as Fed announcements awaited
Underpinned by a softer greenback, the EUR/USD extended gains for a third consecutive day Tuesday, up 0.13%. The buck is seemingly weaker on fears of a dovish Fed, with the central bank widely expected to keep policy unchanged today.
EUR/USD bulls went on the offensive Monday, extending Friday’s rally. Up 0.10%, the pair is closing in on a daily channel resistance etched from the high 1.1569.
Global Markets: Asian Stock Markets : Nikkei up 0.57%, Shanghai Composite up 1.80%, Hang Seng up 1.07%, ASX up 0.25% Commodities : Gold at $1298.45 (-0.34%), Silver at $15.27 (-0.33%), Brent Oil at $67.14 (-0.03%), WTI Oil at $58.69 (-0.22%) Rates : US 10-year yield at 2.600, UK 10-year yield at 1.209, Germany 10-year yield … Continue reading Monday 18th March: Asian markets higher on hopes that Fed will be supportive
