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Daily Markets Broadcast 2019-06-20

Daily Markets Broadcast

2019-06-20

Wall Street rises as the Fed prepares to cut

The Fed held rates at yesterday’s meeting but hinted that future cuts could come. The FOMC dropped the word patient from its statement, adding they would “act as appropriate” to sustain the economy. Oil prices rose as inventories fell.

 

US30USD Daily Chart

[1]

Source: OANDA fxTrade

 

DE30EUR Daily Chart

[2]

Source: OANDA fxTrade

 

WTICOUSD Daily Chart

[3]

Source: OANDA fxTrade

 

 

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Andrew Robinson

Andrew Robinson [6]

Senior Market Analyst at MarketPulse [7]
A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.
Andrew Robinson

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