Pre-FOMC: Dollar to Rally on Second Wave Scare?
The highlight of the week for liquidity will be the FOMC rate decision in 4 hours.
5 things to watch in today's press conf:
1) Optimistic or pessimistic forecasts?
2) Support for the economy
3) Negative rates
4) Bubble trouble?
5) Urging fiscal stimulus
Conclusion
The next big moves in markets depend on the Fed. Optimism and commitment to act would boost stocks and weigh on the safe-haven dollar while pouring cold water —in various ways— would send stocks tumbling and would cause the DXY to make a bullish comeback.
14:10:55 (UTC)
Wed Jun 10, 2020
5 things to watch in today's press conf:
1) Optimistic or pessimistic forecasts?
2) Support for the economy
3) Negative rates
4) Bubble trouble?
5) Urging fiscal stimulus
Conclusion
The next big moves in markets depend on the Fed. Optimism and commitment to act would boost stocks and weigh on the safe-haven dollar while pouring cold water —in various ways— would send stocks tumbling and would cause the DXY to make a bullish comeback.
14:10:55 (UTC)
Wed Jun 10, 2020
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