The Following events over which investors eyed
- ADP non form employment change
- GDP price Index (US)
- German CPI (EU)
- BOC monetory Policy report (CAD)
- BOC interest rates decision(CAD)
- BOC press Conferrence
- And Crude Oil Inventories
Another 25 bps rate cut today is definitely in the bag for the Fed but the real question now is whether or not there will be any more to follow in this supposed adjustment/cycle or whatever you want to call it. The issue for the Fed is that the state of the US economy doesn’t warrant protracted rate cuts and with US and China reaching a ceasefire in the trade war, it is helping to slow down the ticking time bomb strapped to the global economy. However, it’s not to say that the US economy haven’t been showing signs of weakness – because it certainly has.
The cycle though rate change according to him likely to be Hawkish .Further the article explains about the logics behind the Hawkish Fed Hikes .Ahead we are watching the developments in president trumps Tweets and follows the same .In recent Tweets President Trump has not tweeted traders oriented tweet.
Since the time of election campaign is nearing the political actions from the US are lowering for making the stable environments.So USD which acted in past hikes and futher may act on political stability.