Brexit delay and FOMC outlook in focus [Video]

Update on the latest Brexit headlines as debate continues over the length of any extension to Article 50.
Why Asian markets traded with a negative tone overnight as concerns remain over US/China trade talks.
What to look out for in tonight's FOMC announcement.
Technical analysis review across the major asset classes.

Anthony Cheung Amplify

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Anthony Cheung

Amplify

Anthony has spent over a decade working at the forefront of financial news.

EUR/USD makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.