EncoreFX’s daily market updates are written by our experienced and professional dealing team.
All Eyes on the Fed | Oil Extends Gains
Published July 26, 2017
The Federal Reserve is widely expected to leave rates unchanged today, maintaining the target range of 1.00% – 1.25%
Market participants are anxiously awaiting the 2PM Fed Statement in the hopes it will provide clues to Fed policy for the rest of 2017, including potentially starting to unwind its $4.5 trillion balance sheet
Uncertainty regarding Trump’s ability to overhaul the tax code and follow through on stimulus plans have also contributed to recent weakness in the U.S. dollar
Oil prices moved higher again this morning ahead of today’s weekly crude oil inventory report