Markets were little changed in Europe early on Wednesday morning with a “standby mode” talking hold as investors brace for a busy trading session. Everybody will be paying attention to important US data today with both GDP and ADP non-farm payroll due out later. However, the big news will come from the FOMC meeting later this afternoon.
Even if a quarter basis point rate cut is now widely expected by most investors, Jay Powell’s tone will be even more important than the rate decision. With not much more room for further rate cuts and signs of global uncertainty easing, investors will be looking for clues regarding answers to the question: is it the end of the mid-term monetary policy adjustment? We expect higher volatility levels with strong price action during the Fed Chairman’s speech if a “hawkish cut” looms.
Photo by JP Valery.
While a student, Pierre Veyret had a passion for the financial markets. At the time, he studied International Trade through the setting up of import / export operations and it was the techniques of hedging against exchange rate risks that helped him to make the link with the financial markets, and all especially that of Forex. It is therefore with the aim of anticipating the price of currencies several months in advance that Pierre quickly turned to different methods of analysis by drawing inspiration and surrounding himself with experts in the field. Shortly after, Pierre decided to specialize in Technical Analysis, a discipline he had the opportunity to practice with real market professionals, thanks to AFATE / IFTA, an association of which he has been an active member for several years. Pierre Veyret is passionate about the field of the financial industry with a particular interest in the various techniques of stock market forecasting. Currently, Pierre is based in the City of London where he works as Chief Analyst. He performs regular interventions on a multitude of asset classes through various media (television, internet and print media).
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© 2019 High Leverage FX - All Rights Reserved.