FOMC rate decision is the major focus today. Just before last Friday, markets have well received Fed’s communication on the 50bps hike per meeting “plan”. But it’s another world now after data showed CPI inflation reaccelerated in May. Fed fund futures are pricing in near 100% change of a 75bps rate hike at this meeting. […]
The post Fed to hike by 75bps? 10-year yield heading to 4%? appeared first on Action Forex.
Caterpillar shares have already had a strong run, and BofA Securities sees more upside ahead as the company benefits from power generation demand, a record backlog, and a broader recovery across parts of its machinery Read more…
EUR/USD rebounded after initial dip to 1.1653 last week, but stayed in range below 1.1848. Initial bias remains neutral this week first. Rise from 1.1408 is extended to continue as long as 1.1642 support holds. Read more…
USD/JPY’s steep decline last week indicates medium term topping at 160.71, on bearish divergence condition in D MACD. But as a temporary low should be formed at 155.48, initial bias is turned neutral this week Read more…