Yahoo Finance Trump & Fed Will Deliver One-Two Punch
Inflation data will come via the Consumer Price Index, and the Federal Reserve is expected to raise its interest rate later today.
U.S Risk Events Dominate Trading Landscape, Trump Speaking Today
U.S data and risk events will dominate the trading landscape. The Federal Reserve gets top billing with it interest rate announcement and Monetary Policy Statement due later. However, President Trump is scheduled to speak at the U.S Treasury about tax reform, and Consumer Price Index data is on the calendar too. The Fed is expected to raise its interest rate by a quarter of a point today.
Industrial Production Numbers Coming from China, Yen in Tight Range
China Industrial Production numbers will be released tomorrow, and Retail Sales figures will also come from the nation. Asian equities were cautious today ahead of the parade of central bank announcements being delivered globally the next twenty-four hours. Australian Consumer Confidence data showed an improvement earlier today. The Yen has seen tight range trading the past day.
German Inflation Gains Unexpectedly, Euro Quiet in Early Trading
The German Wholesale Price Index climbed unexpectedly with a gain of 0.5% this morning. However, the Euro has remained rather muted against the U.S Dollar as it trades near 1.1745. The European Central Bank’s monetary policy statement tomorrow is being heavily anticipated. European Indexes have been extremely cautious in early trading thus far today.
Crude Oil in a Well-Practiced Range, Consolidated Price Remains Tranquil
U.S Crude Oil prices remain tangled in a well-practiced range. The price of the commodity is around 57.50 U.S Dollars a barrel. Crude Oil Inventories data will come from the States today, and its rather consolidated price will likely remain tranquil near term.
U.S Interest Rate Announcement, Consumer Price Data from States
The U.S Federal Reserve will be the focus for global investors, upon the release of the Federal Funds Rate at 19:00 GMT.
13:30 PM GMT U.S, Core Consumer Price Index
15:30 PM GMT U.S., Crude Oil Inventories
19:00 PM GMT U.S., Federal Funds Rate
Yaron Mazor is a senior analyst at SuperTraderTV.
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This article was originally posted on FX Empire
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