Forex markets have taken a cue from the FOMC decision and the dust is continuing to settle. The outlook on key majors have improved, but how sustainable is this view and will the bulls be able to make a breakout. We take a look at the technical outlook on Euro/Dollar and also how the recent market volatility is impacting on a key commodity currency, the Aussie dollar.
In equity markets there has been a considerable impact on trading sentiment in the wake of the Federal Reserve’s decision. The moves on equities may have comes as a bit of a surprise in response to a dovish FOMC meeting, however the impact on key European markets such as the DAX and the FTSE 100 have been significant. What could be the market that is hit the most? We do the technical analysis of these key markets and what the crucial levels to watch will be.
Commodity markets have been a real trigger for market sentiment in the past few weeks, and seems set to continue with such crucial economic data announcements, whilst focus remains on US Treasury yields as traders come to terms with the Fed’s reasons for not hiking interest rates.
Forex markets remain the same and there isn’t any significant move for the day. Tomorrow is going to in an interesting day in the Forex markets.