With the FOMC meeting fast approaching, Michael Hewson strikes a cautious tone over the likelihood that the Fed will signal higher rates and points to a possible euro rebound.
- The US dollar index has rallied by 25% in the last 7-8 months, so will the Fed want to indicate that higher rates are on the horizon?
- The S&P 500 and the FTSE 100 may see a resurgence if the FOMC statement is more dovish than expected, particularly is the word ‘patience’ remains
- The EUR/USD pair may be set for a short squeeze towards $1.10 if it can break above $1.0685
- EUR/GBP has seen a much greater rebound after dovish comments from Mark Carney but wage data may support sterling
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.Video content by Michael Hewson of CMC Markets..