Daily Alert: Wednesday 28th June 2017

Mark NugentDaily Alert, June 2017

Forex Analysis for Wednesday 28th June 2017

Economic Calendar

Fed Chair Yellen (Dove) stated rates are to remain low as Fed normalises policy and reiterated a gradual hike trajectory. Yellen also commented that inflation has continued to run below objectives and that they are not getting a consistent story on inflation. (Newswires)

Fed’s Kashkari (Voter, Dove) stated there is no rush to increase rates and that there may still be slack in the labour market. (Newswires)

Market Reaction

The USD drops on strong EUR. JPY weakens. Risk tone goes slightly negative as equities fall yesterday and so far today. US 10 Year is up. Oil grinds up as does gold. The GBP remains range-bound, as does CAD. AUD and NZD reverse recent gains.

News Media

Oil resumes decline

Today’s Calendar

USD Crude Oil Inventories.

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