You need to be logged in to view this content.
Summary
This September meeting of the FOMC promises to be a watershed moment for US monetary policy makers, having been preceeded by an eventful month and a half that saw market volatility rising across different asset classes because of events across the Pacific. As China's policy makers assure counterparts that domestic conditions are improving there is growing pressure on the Fed to provide some reassurance that its actions will not lead to a further retreat in the markets. Whatever decision that the Fed takes there is money to be made. Join Mark de la Paz as he explores the challenges confronting the Yellen led FOMC and consider trading scenarios that we will be presented.Latest Live Videos
Editors’ Picks
AUD/USD consolidates around 0.7100 as geopolitical tensions counter hawkish RBA
The AUD/USD remains confined within a multi-week-old range, oscillating in a narrow band around 0.7100 during the Asian session on Tuesday. Bets for another interest rate hike by the RBA in May continue to act as a tailwind for the Aussie. However, a hit to sentiment from US-Israeli air strikes against Iran helps the safe-haven US Dollar preserve its overnight strong gains, reaching the highest level since January 20, and caps gains for the risk-sensitive Australian Dollar.
EUR/USD appears supported by the 200-day SMA, for now
Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.
Gold eases some ground, approaches $5,300
Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.
Strategy lifts holdings to 3.4% of Bitcoin's total supply amid inflows into crypto products
Strategy continued its accumulation of the top crypto last week, acquiring 3,015 BTC for $204 million amid renewed interest in crypto products after four weeks of outflows.
The Fed is finally talking about AI – Here's why it matters for the US Dollar Premium
AI is moving from earnings calls into the heart of monetary policy discussions, forcing Federal Reserve officials to confront a new question: How to act if AI reshapes inflation, employment and interest rates at the same time?
Here is what you need to know on Tuesday, March 3:
The United States, allied with Israel, struck Iran over the weekend, killing Iran’s Supreme Leader, Ayatollah Ali Khamenei. In retaliation, Iran launched missile and drone attacks targeting US military bases across several nations, with attacks from both parties still ongoing, fueling a geopolitical crisis.