The Bank of Canada has decided to keep its overnight rate at 2.75% as global trade remains uncertain due to US tariffs. This decision surprised markets, which had expected a 56% chance of a rate cut. Before the announcement, the exchange rate for the US dollar to the Canadian dollar was high at 1.3810, with the next targets being 1.3827 and 1.3833. It is expected that global growth will slow to about 2.5% by the end of 2025 and rebound to around 3% by 2027, assuming tariffs remain in place.

Canada’s Economic Outlook

Canada’s economy shrank by 1.5% in GDP during the second quarter of 2025, mostly due to reduced exports and trade issues. There is excess supply, unemployment has risen to 6.9%, and wage growth is slowing. If tariffs stay the same, GDP growth might bounce back to 1% later this year. Inflation was recorded at 1.9% in June, with various pressures balancing each other out. Future policies will be shaped by ongoing economic and inflation challenges. The Bank of Canada is focused on maintaining price stability while fostering economic growth in these uncertain times. While the Bank has kept its interest rate at 2.75%, their statement suggests a strong chance of a future cut. This shift towards a more dovish stance, despite holding rates steady, indicates a weaker Canadian dollar ahead. This situation presents an opportunity for us to prepare for a fall in currency value.

Implications for Usd/Cad Strategy

The USDCAD pair is testing crucial resistance around the 1.3830 mark, also near its 100-day moving average. Given the rising likelihood of a rate cut, it might be wise to buy USDCAD call options with expiration dates in the coming months. This would allow us to benefit from a possible price increase while limiting our risks. Recent data supports this cautious approach and indicates a need for easing. The July employment report showed the unemployment rate rising to 7.1%, following June’s rate of 6.9%. Additionally, the latest Consumer Price Index (CPI) data for July was 1.7%, falling short of the Bank’s 2% target. The market is already responding to forward guidance, moving beyond the 56% chance of a rate cut by the year’s end that was expected before the meeting. Overnight Index Swaps now show odds of over 75% for a 25-basis-point cut at the next meeting in September, indicating a strong belief that easing is on the way. We have observed a similar trend before, like with the US Federal Reserve in late 2018 and early 2019. When the Fed paused rate hikes and hinted at a shift, actual rate cuts followed months later. This historical pattern suggests that the Bank of Canada’s current messaging is a reliable indicator of its next steps. The primary influence on the outlook remains US trade policy, which is introducing substantial uncertainty for Canadian exports and business investments. Any negative developments regarding tariffs or trade talks in the coming weeks could hasten the decline of the Canadian dollar. We need to keep a close watch on this situation, as it is the main risk highlighted by the central bank. Create your live VT Markets account and start trading now.

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The U.S. dollar has strengthened thanks to better-than-expected ADP employment numbers and a 3.0% annual growth in Q2 GDP. This growth is attributed to favorable changes in trade and inventories, although final sales to private domestic buyers only increased by 1.2%. ADP reported 104,000 private payrolls, exceeding the predicted 75,000. However, differences from the BLS nonfarm payrolls affect predictability. In currency news, EURUSD has dipped below several swing points, aiming next for the 50% midpoint of the move from May to July’s high. USDJPY has hit new highs, with the next target at the 50% midpoint of recent high-low movements. The Bank of Canada (BoC) is likely to maintain its interest rate at 2.75% amid uncertainties about U.S. tariffs and potential trade agreements.

BoC Interest Rate Movements

The BoC rate is in the neutral range of 2.25-3.25%, with the market estimating a 56% chance of a rate cut by the end of the year. Despite solid labor market data, risks lean toward the downside due to trade uncertainties. The USDCAD has been rising, surpassing the 50% midpoint and other important technical levels, with future targets near higher retracement levels and moving averages. Given the strong U.S. data released, the dollar is likely to continue rising against major currencies. Although the Q2 GDP figure of 3.0% appears strong, the underlying weakness in consumer demand—private sales only up by 1.2%—suggests that this growth may not be sustainable. The ADP payroll number may have exceeded expectations, but it often diverges from the official BLS jobs report, which will be released later this week. Currently, the technical breakdown in EURUSD below the 1.1500 level is significant. With the price now targeting the 1.1447 midpoint, traders should consider strategies that could profit from further declines or potential caps on any rebounds. Selling at rallies near the 1.1500 resistance or purchasing short-dated put options could be strategies to test the 100-day moving average. Similarly, USDJPY has moved above the 148.72 resistance area, aiming for the pivotal 149.036 level. This level has halted price increases twice this month, so a sustained move above it is necessary to confirm bullish momentum. Buying call options may provide a leveraged opportunity for a breakout toward the 200-day moving average at 149.53.

Trade Talks and Market Volatility

In the coming weeks, the focus will be on the Bank of Canada and the ongoing U.S. trade discussions. The BoC is expected to keep its rate steady at 2.75%, balancing strong domestic data against the risk of U.S. tariffs. Recent data, including June’s core inflation at 2.8% and a resilient labor market, supports this decision. However, the August 1st deadline for a new trade agreement is the most significant catalyst ahead. Prime Minister Carney has indicated that a deal is unlikely by then, and the market is already pricing in a 56% chance of a BoC rate cut by year-end, highlighting traders’ anxieties. We recall the market volatility during the 2018-2019 trade disputes over steel and aluminum, and we expect similar conditions now. This uncertainty makes USDCAD the most intriguing currency pair for derivatives trading. The pair has surpassed the 1.3800 level and is now targeting key resistance around the 100-day moving average at 1.38277. The risk of trade talks failing and tariffs rising supports a bullish outlook for the pair. As the deadline approaches, implied volatility in USDCAD options is likely to rise sharply. Buying call options now, while they may be more affordable, could effectively prepare you for a significant upward movement if the trade situation worsens. This strategy limits your risk while giving you exposure to a potentially explosive price change. Create your live VT Markets account and start trading now.

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The Euro is now trading close to a one-month low because of worries over the EU-US trade deal. Surprisingly, the Eurozone’s GDP grew in the second quarter. The EUR/USD exchange rate is falling and is set for its first monthly drop since December. Before the US Federal Reserve makes its decision, the Euro is trying to bounce back but is struggling below 1.1575. It has dropped more than 2% since Monday. In the meantime, the US GDP is expected to show a 2.4% annual growth for the second quarter, bouncing back from a previous drop. On Wednesday, the main event will be the US Federal Reserve’s decision on interest rates, which will be closely watched, especially statements from Chairman Jerome Powell. Just days ago, the US experienced a drop in job openings and a rise in consumer confidence, although there are concerns about tariffs. The Euro is under pressure from a stronger US Dollar as US-China trade talks drag on. In Europe, GDP data showed slight growth, with better-than-expected results for German retail sales and France’s GDP. The EUR/USD remains weak, with technical indicators showing oversold conditions, and it may test the 1.1450 support level. Looking back to mid-2018 offers valuable insights. At that time, the EUR/USD struggled near 1.1500 due to trade deal worries. Today, the pair is much lower, around 1.0750, showing the long-lasting effects of changing monetary policies. Back then, the strong US dollar and tightening policies from the US Federal Reserve were in focus. Now, the scenario is more complicated, with the European Central Bank hinting at tougher measures to combat inflation, which remains steady at 2.8% in the Eurozone. In contrast, the US economy’s latest jobs report from July 2025 showed an unexpected slowdown in hiring. Concerns about trade have shifted from tariffs to issues like digital services taxes and regulatory differences, which continue to impact the Euro. However, the situation is no longer as one-sided. We should be cautious about expecting the dollar to rise on trade news alone, as it did before. Given the recent weak US data, the overly negative sentiment from 2018 may not be appropriate today. The market seems to expect the Fed to hold off on tightening before the ECB does. We are considering options strategies that benefit from volatility instead of simply betting against the Euro. Current technical indicators are not as oversold as they were back then. The EUR/USD has been trading in a narrow range ahead of next month’s central bank meetings. We see a chance to buy straddles on the EUR/USD, positioning ourselves for a significant price movement in either direction once central bankers clarify their plans.

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Mexico’s Gross Domestic Product (GDP) grew by 0.7% year-on-year in the second quarter, beating expectations that predicted a 0.1% decline. This growth shows that Mexico’s economy was stronger than many had thought during this time. GDP measures the total value of goods and services produced in a specific period and is essential for understanding economic health. Positive GDP growth often means an expanding economy, while negative growth could indicate a downturn. This unexpected growth of 0.7% in the second quarter challenges our recently cautious view on Mexico. Since the market anticipated a small contraction, this positive news will likely lead to a quick reassessment of Mexican assets. We need to adjust our strategies to account for this newfound economic strength. We expect the Mexican Peso to rally. It had weakened to around 18.50 per dollar earlier this month due to recession worries. This strong GDP figure could push it back toward the 17.80 level we saw earlier this year. Traders might consider taking long positions on MXN futures or buying call options on peso-tracking ETFs. For the IPC index, which has been around 54,000 points, we may see it rise. The unexpected nature of this data will likely increase implied volatility, making options strategies more appealing. We are considering buying call options on the index to seize potential short-term gains. This stronger-than-expected economy complicates the outlook for Banxico’s upcoming policy meeting in August. Although inflation remained high at 5.5% in June, this growth data gives the central bank less reason to lower its 11.75% policy rate soon. This uncertainty presents opportunities for trading through straddles or strangles on rate-sensitive stocks. Remember that the peso strengthened notably throughout 2023 due to high interest rates and nearshoring, creating the “super peso” narrative. This GDP reading may reignite that sentiment, but we must stay cautious. Upcoming US manufacturing data will be crucial; any slowdown there could dampen this positive domestic news.

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US GDP for Q2 grew by 3.0%, exceeding the 2.4% estimate. However, this growth is not as strong as it seems, largely due to a significant drop in imports. Real final sales were only up 1.2%, the lowest since Q4 2022. Consumer spending increased modestly by 1.4%, a rise from last quarter’s 0.5%. Core PCE (Personal Consumption Expenditures) edged up to 2.5% from 2.3%. The overall PCE price level was 2.1%, below the expected 2.9%. Excluding food, energy, and housing, the PCE rate dropped to 2.2% from 3.5% last quarter. PCE services, without energy and housing, stood at 2.3%, down from 4.3% last quarter.

GDP Growth Estimate And Trade Impact

The Atlanta Fed’s GDP growth estimate rose to 2.9% from 2.4%. Trade contributed 0.5% to GDP, but inventory reductions pulled growth down. Private domestic demand slowed to an annualized 1.2%, down from 1.9% in Q1. Residential investment fell about 10%, partially balanced by gains in technology and intellectual property investments. Overall, the economic growth seems to stem from temporary trade improvements rather than ongoing domestic strength. The initial 3.0% GDP growth figure for Q2 may be misleading for our strategy. Real final sales to private domestic buyers, a crucial indicator of actual strength, decelerated to just 1.2%. This is the weakest since Q4 2022, indicating that domestic demand is weakening significantly. The report’s inflation data calls for a more cautious perspective. Although Core PCE was a bit hot at 2.5%, other critical areas, like PCE services excluding energy and housing, dropped sharply to 2.3% from 4.3% last quarter. This decline in inflation gives the Federal Reserve reason to adopt a more cautious stance in the coming months.

Economic Indicators And Strategies

The weak domestic outlook matches other recent data we’ve observed. The June 2025 jobs report showed non-farm payrolls adding just 150,000 jobs, while the unemployment rate rose to 4.1%. Consumer confidence has also decreased over the last three months, indicating a loss of consumer enthusiasm. In the upcoming weeks, we expect market volatility to rise as investors look beyond the headline figures. The CBOE Volatility Index (VIX) has been stable around multi-year lows of about 13, but the weaknesses in this report may drive it up. We should consider strategies that can benefit from a potential downturn or limit market gains. Reflecting on late 2023, we faced a similar scenario where slowing growth expectations led to a bond market rally, even as the Fed maintained rates. Now, we should think about purchasing puts or put spreads on broad market indices like the SPY to protect against a potential decline. Additionally, call options on Treasury bond ETFs like TLT could do well if the market anticipates earlier-than-expected rate cuts. In summary, the growth was heavily influenced by a temporary decrease in imports, which is not a sustainable driver. As we approach August 2025, we must pay attention to the weakening core of the economy. We expect upcoming employment and inflation data to confirm this slowing trend. Create your live VT Markets account and start trading now.

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The USD is experiencing mixed movements as the Federal Reserve and Bank of Canada prepare to announce their interest rate decisions today. Market attention is mainly on the Federal Reserve, as signs of a possible future rate cut may emerge. In Europe, currency pairs like EURUSD and GBPUSD are fluctuating. EURUSD recently fell due to a trade agreement but has shown some recovery. Conversely, GBPUSD is moving slightly up after an initial drop. USDJPY has bounced back into positive territory after earlier declines.

European GDP Data and Market Outlook

The European GDP data shows a mixed picture. France has exceeded expectations, while Italy has fallen short. Consumer activity and sentiment are generally improving in Europe and Switzerland. In Australia, retail sales were better than expected, though building approvals have declined. Several major companies, including Kraft Heinz, Automatic Data Processing, and Hershey, reported earnings that were higher than expected. After the market closed, Electronic Arts and Visa also announced strong earnings, while Seagate Technology saw a decline in its shares despite beating predictions. US President Trump reiterated the August 1 tariff deadline, which would impose penalties on India due to high existing tariffs and trade practices. In the US, GDP figures are expected to show a growth of around 2.4%. Current stock and bond markets have shown some gains, with slight increases in debt market yields. The ADP employment report showed stronger-than-expected results, reaching 104K compared to an estimated 75K. Given today’s market movements, it seems likely that we are on the brink of a significant shift in Federal Reserve policy. All eyes are on the Fed’s statement and whether Chairman Powell will echo the dovish tones from Governors Bowman and Waller. Any hint of a possible rate cut in September could accelerate the recent weakness of the US dollar.

Impact of Fed’s Potential Rate Cut

The expectation for a rate cut is supported by recent trends, as core PCE inflation has cooled for three months straight. The latest June 2025 data shows a drop to 2.6%. This provides the Fed an opportunity to start easing policy. Traders should keep an eye on options pricing for SOFR futures, as there may be a rapid shift for a more aggressive cutting cycle beginning in September. With the dollar possibly weakening, there’s an opportunity in EURUSD. The pair is testing its lows, but strong economic data from France and Germany may enable a sharp rebound if the Fed pivots. We might consider buying near-term call options on the euro to take advantage of this potential shift in central bank policies. Additionally, while US inflation is easing, Spanish CPI recently came in higher than expected. This suggests the European Central Bank may have less flexibility to cut rates. Eurozone inflation has remained stubbornly above the ECB’s target, hovering around 2.5% in recent reports. This divergence in policies could help support the euro against the dollar in the weeks ahead. We should also be cautious of geopolitical risks from the White House. The August 1 tariff deadline for India could unexpectedly spike market volatility. This reminds us of the trade disputes from 2018-2019, which caused sudden market swings; hence, buying protection through VIX call options seems wise. In equity markets, strong earnings from Visa and Seagate are facing selling pressure, indicating that high expectations may already be reflected in prices. This suggests being careful when purchasing individual stocks after earnings beats. Instead, we could use index options on the S&P 500 for broader market movements or employ pairs trading to manage single-stock risks. Finally, the strong US economic data just released, including the ADP employment beat and high GDP expectations, creates pressure for the Fed’s decision. This robust economic activity might make Powell hesitant to appear too dovish, leading to mixed risks for today’s announcement. This uncertainty makes strategies that profit from volatility, such as straddles or strangles on major indices, particularly appealing. Create your live VT Markets account and start trading now.

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Mexico’s Gross Domestic Product (GDP) grew by 0.7% in the second quarter, beating expectations of 0.4%. This growth shows that the Mexican economy performed well during this time. In the currency market, the EUR/USD fell below 1.1500 due to positive economic news from the US. The GBP/USD also declined to a two-month low, dropping below 1.3300, thanks to strong US data and investors looking ahead to Federal Reserve decisions.

Gold Prices And Market Expectations

Gold prices reacted to the US economic news, trading close to $3,300 as US Treasury yields increased. Many expect the Federal Reserve to keep interest rates steady for the fifth meeting in a row. The Federal Reserve is facing pressure to adjust rates but has paused due to a strong economy, despite ongoing tariff uncertainties. However, new concerns about the labor market are beginning to arise. With many expecting the Federal Reserve to hold interest rates, we can expect less market volatility in the near term. Current market pricing, shown by tools like the CME FedWatch Tool, indicates over a 90% chance of no rate change, making the Fed’s upcoming statement a key focus. We will look for any changes in their messaging about future policy.

Opportunities In Currency And Commodity Markets

The US dollar’s strength has pushed the Dollar Index (DXY) close to 108.50, providing a clear trend to follow. We see opportunities to buy call options on the dollar or put options on EUR/USD and GBP/USD to take advantage of ongoing dollar strength. This strategy is supported by strong US economic data this year. For gold, trading around $3,300 with rising US Treasury yields creates a tough environment for the metal. Historically, gold struggles when real yields are positive and increasing, like during the Fed’s pause in late 2023. We should consider selling out-of-the-money call options to collect premium, betting that gold won’t see significant gains in the coming weeks. Unlike other major economies, Mexico’s surprising 0.7% GDP growth offers a special opportunity for diversification. We could look into bullish positions on the Mexican Peso or call options on Mexican-focused ETFs like EWW. This positive domestic story could serve as a hedge against weakness in the US economy. Still, we must be careful about recent signs of weakness in the US labor market, with initial jobless claims rising toward 250,000. This presents the biggest risk to the current market consensus and could lead to a quick reversal in the dollar and yields if the situation worsens. We should consider holding protective put options on major US indices to safeguard against this risk. Create your live VT Markets account and start trading now.

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Gold is currently recovering against the US Dollar but faces resistance at $3,345 and $3,360. A strong US GDP forecast and expectations of a more aggressive Federal Reserve are keeping the Dollar high. XAU/USD is forming a Bearish Flag pattern, with a target of $3,245. XAU/USD is showing a stronger bearish trend after breaking below an upward channel and forming a bearish flag. Gold is trying to recover due to a weaker Dollar, as some USD long positions are being cut ahead of the US GDP report and Federal Reserve decisions. This recovery is viewed as a correction from oversold conditions.

Gold Price Resistance and Support Levels

Resistance is anticipated at $3,345 and $3,360. Gold needs to move above these levels to change its bearish outlook. Support may lie at $3,295, with further declines potentially reaching $3,245, aligning with the bearish flag’s target. Gold continues to play its historical role as a safe haven and hedge against inflation and currency depreciation. Central banks are major holders of gold, purchasing 1,136 tonnes in 2022. Geopolitical issues and economic fears often affect gold prices, which tend to inversely relate to the US Dollar and risky assets. When the Dollar weakens, gold prices usually rise; when the Dollar strengthens, gold prices can fall. We see gold’s current recovery as a temporary correction within a larger bearish trend. The bearish flag pattern on charts indicates a potential drop towards the $3,245 level. Key events, such as the upcoming US Gross Domestic Product (GDP) data and the Federal Reserve’s interest rate decision, are driving this market sentiment. Expectations for tomorrow’s Q2 GDP data predict a solid 2.5% annual growth rate, which supports the Dollar’s strength. Additionally, fed funds futures show over an 80% chance of another rate hike at next week’s meeting. This hawkish view stems from the recent June Consumer Price Index (CPI) report, indicating that inflation remains high at 3.8%.

Investment and Hedging Strategies

In this environment, buying put options could be a smart strategy to hedge or bet on a downward trend. We are closely monitoring the $3,345 and $3,360 resistance levels. Failing to break above these levels would confirm a bearish stance. These prices could be good choices for put options or for starting bear call spreads to earn premium. Looking back at the aggressive tightening cycle between 2022 and 2023 serves as a reminder. During this time, constant Fed rate hikes presented strong challenges for gold, even with high inflation. This historical context supports the idea that a strong central bank can keep gold prices lower for a long time. While the immediate outlook is bearish, we recognize strong support from central banks. Recent World Gold Council data for the second quarter of 2025 indicates that sovereign purchases have slowed from record levels seen previously but remain steady, adding over 220 tonnes worldwide. This long-term demand may create a price floor and might slow any drop towards the $3,245 target. Create your live VT Markets account and start trading now.

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US employment data from ADP shows that July added 104,000 jobs, surpassing expectations of 75,000. However, the previous month had seen a drop of 33,000 jobs. Goods-producing jobs grew by 31,000, slightly below the updated estimate of 32,000. Meanwhile, service jobs increased by 74,000, a recovery from the earlier decline of 66,000. Wage growth for current employees stands at 4.4%, similar to earlier data.

Wage Growth For Job Changers

Workers who change jobs are seeing their pay rise by 7.0%, up from 6.8%. This aligns with trends in jobless claims and the non-farm payroll report, showing that the US labor market remains strong. The better-than-expected job gains in July suggest that the labor market is not slowing down, indicating a robust economy. This could lower the chances of the Federal Reserve cutting interest rates soon.

Implications For The Federal Reserve

With core inflation still around 3.5% as of June 2025, a strong job market leaves the Fed little reason to ease its policies. During 2022-2023, a tight labor market kept the central bank more cautious than anticipated. The likelihood of a rate cut in September has dropped to below 25%, down significantly from last week. Given this economic strength, implied volatility in the stock market is expected to remain low in the coming weeks. The CBOE Volatility Index, or VIX, has mostly stayed below 15 in July, and this report does not indicate an impending economic shock. This environment may favor options trading strategies on major indices. Strong job growth and rising wages are positive indicators for the US dollar. We are thus looking for chances to hold long dollar positions against currencies of central banks more likely to cut rates first. Bond traders should also consider that short-term Treasury yields will probably stay high, making bearish positions on bond futures more appealing. A key detail to watch is the rising wage growth for job changers at 7.0%. If this trend continues, it could raise inflation concerns later this year. Therefore, while we might see stability in August, it’s wise to prepare for potential market volatility as we move into the final quarter. Create your live VT Markets account and start trading now.

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The European markets are displaying a cautious tone as key events approach. In the Eurozone, the preliminary GDP for Q2 increased by 0.1%, slightly exceeding expectations. Germany’s GDP fell by 0.1%, matching forecasts, while France’s GDP grew by 0.3%, better than expected. Italy’s GDP decreased by 0.1%, contrary to predictions of growth. Spain’s preliminary CPI for July was slightly above expectations at 2.7%. In Switzerland, July’s KOF indicator reached 101.1, exceeding predictions, and UBS sentiment showed improvement. In the US, mortgage applications dropped by 3.8% for the week ending July 25. Japan has downgraded tsunami warnings to advisories. In currency markets, the GBP saw a slight rise, while the AUD lagged behind. The US dollar experienced minor fluctuations against major currencies, with GBP/USD rising 0.2% to 1.3375 and USD/CAD increasing by 0.2% to 1.3790.

US Markets And Anticipations

US futures showed caution as investors awaited earnings reports from major tech companies like Microsoft and Meta. European stocks attempted to hold onto gains after yesterday’s increase. Gold saw limited movement, while cryptocurrencies experienced minor declines from recent highs. Bitcoin remained around $117,610, with Ethereum just below $3,800. Attention is fixated on the FOMC preview and the upcoming Fed meeting, which will influence future directions. With significant events like the Fed meeting and tech earnings today, the market is in a wait-and-see mode. The current quiet trading suggests that derivative traders should prepare for potential volatility rather than choosing a direction now. This cautious sentiment is warranted, especially with the US-China trade deadline on August 1 just two days away. The Federal Reserve’s decision is the key event, as it will guide currency and equity moves for weeks. The most recent US Consumer Price Index from June 2025 showed persistent inflation at 3.1%, so the Fed is unlikely to indicate any immediate rate cuts. Traders might consider using options strategies like straddles on indices such as the S&P 500 to take advantage of potential price swings, whether the Fed’s stance is aggressive or unexpectedly soft.

Market Risks And Opportunities

The upcoming US-China trade deadline poses a significant risk, keeping markets on alert. Looking back, similar deadlines between 2018 and 2020 led to sharp market sell-offs. With the VIX volatility index currently around 19.5, traders are evidently anxious. Buying protective put options on broad market ETFs or on sectors affected by China, like semiconductors, is a smart way to hedge against potential negative surprises. Economic data from Europe reveals a stark contrast, with France growing while Germany’s economy is contracting. This divergence continues a trend since the early 2020s energy crisis, where Germany’s industrial sector has struggled. Traders could consider pair trades, such as going long on French equity futures while shorting German DAX futures. Tonight’s earnings from Microsoft and Meta will also significantly impact the tech sector, which has fueled market gains this year. The Nasdaq 100 has risen over 22% year-to-date in 2025, leading to high expectations for their results and AI-related insights. The high implied volatility of their options makes strategies like iron condors appealing if you believe the post-earnings stock movement will be less dramatic than anticipated. Even assets like gold and Bitcoin are currently steady, hovering near their recent highs at around $3,330 and $117,000, respectively. This pause in typically volatile assets indicates that the entire market is waiting for forthcoming data and policy announcements. Their next significant move will likely depend on the direction the US dollar takes after the Fed’s announcement. Create your live VT Markets account and start trading now.

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