OANDA Senior Market Analyst, Jeffrey Halley is covering a lot of ground today. We look back on the FOMC “dot-plot” incident and the market volatility caused by various Fed official’s comments on interest rates. The mini taper-tantrum made a lot of noise in some markets but had little substance in others, notably bonds and equities. We look at both before moving onto currency markets where the US rally has held its gains. We glance at the US dollar index and EUR/USD before pondering USD/Asia where USD/INR and USD/THB for example, have stayed near the top of their ranges. Are risk sentiments remaining elevated in the background despite Jerome Powell’s soothing words? Finally, he gives his take on gold for the week and offers some thoughts on the market volatility.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.