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In the Zone
- EURUSD
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Market Insight Commentary – Forex
Today's News Headlines
- Trump has reiterated that he is prepared to bomb Syria, and he certainly does not care what Russia think.
Market Insight Commentary – Indices
Market Recap
After a strong PPI report on Tuesday, the market was keen to see it follow through in the CPI, in theory you could say inflation was better but considering the previous year inflation was revised lower it is hardly surprising considering the lower base. The market then turned its attention to the FOMC meeting minutes last night, the Fed acknowledged that inflation will rise and that the outlook on economy warranted steeper rate paths – rather hawkish I would say! They are still concerned about wage growth.
There was a tweet from Trump that suggested incoming missiles to Syria are a certainty rather than a possibility. This will be sure to catch the attention of the safe haven traders and so I am cognisant of this. I am keeping an eye on the EURUSD this morning as I think it could present itself as an opportunity later on.
Important Economic Data Due Today
13:30 EUR ECB Monetary Policy Minutes
Consensus: None
Effect: More hawkish than expected is good for the EUR
21:00 GBP BOE Governor Carney Speaks
Consensus: None
Effect: More hawkish than expected is good for the GBP
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