Originally Updated: 07:00GMT
Currency Pair: None
Sentiment: Neutral
Market focus: None
Fundamentals:
The market remains quiet ahead of the FOMC tomorrow with investors looking at a possible soft tone regarding the raising of interest rates in the U.S. anytime soon. With no tier 1 data out of the Eurozone today we remain on the sidelines for now.
Technicals: None
Pairs traded amid tight ranges in the overnight session weighed on by JPY and USD weakness, as the market becomes apprehensive in the run up to tomorrows FOMC and a rate decision from the Bank of Japan on Friday. These pivotal data points will dictate how the market behaves in the coming weeks and months thus explaining investors’ consternation prior to these decisive announcements.
We therefore witnessed the AUD and EUR as the primary front runners in the overnight session leading to EUR/JPY to trade at 137.00, EUR/USD shifted to 1.2700 whilst elsewhere AUD/JPY traded at 95.00.
On today’s calendar:
On today’s calendar we have a relatively blank slate across the Eurozone and Antipodean currencies we do however have some news coming from across the Atlantic with US Core Durable Goods and US Consumer Confidence, however I expect the market to shrug the results of these data points off as investors fixate on tomorrows FOMC statement.
Currency Pair: None
Sentiment: Neutral
Market focus: None
Fundamentals:
The market remains quiet ahead of the FOMC tomorrow with investors looking at a possible soft tone regarding the raising of interest rates in the U.S. anytime soon. With no tier 1 data out of the Eurozone today we remain on the sidelines for now.
Technicals: None
News At A Glance
Pre-Session events:Pairs traded amid tight ranges in the overnight session weighed on by JPY and USD weakness, as the market becomes apprehensive in the run up to tomorrows FOMC and a rate decision from the Bank of Japan on Friday. These pivotal data points will dictate how the market behaves in the coming weeks and months thus explaining investors’ consternation prior to these decisive announcements.
We therefore witnessed the AUD and EUR as the primary front runners in the overnight session leading to EUR/JPY to trade at 137.00, EUR/USD shifted to 1.2700 whilst elsewhere AUD/JPY traded at 95.00.
On today’s calendar:
On today’s calendar we have a relatively blank slate across the Eurozone and Antipodean currencies we do however have some news coming from across the Atlantic with US Core Durable Goods and US Consumer Confidence, however I expect the market to shrug the results of these data points off as investors fixate on tomorrows FOMC statement.
At no time should anyone view the information presented anywhere on this website as advice, recommendation or proven. Everything reflected is merely opinion and may not be accurate. The purpose of the site is to express the opinions and views of Jarratt Davis. There is no intention to offer specific help, advice or suggestions to anyone reading any of the content posted here.
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