Fed rates decision; copy of a few words from IG markets:
The September FOMC meeting (Wednesday 7 pm UK / Thursday 4 am AEST) – After such lengthy and intense speculation the rubber finally meets the road, and the Fed will set the market straight on their collective thinking. There are just too many variables to make a clear-cut playbook over this event risk, and it is not as easy as thinking that the USD rallies/risk falls if we get ‘just’ get a 25bp cut – or conversely that the USD sells off/risk rallies if we get a 50bp cut.
Wondering whether "THINGS" actually this simple:
US high interest rates = Investing in USD very attractive = High USD
Gold maybe less so.
As US Interest rates reduce = Investing in USD less attractive = USD falls
Interest in gold increases.
I am just a squiggle drawer BUT always looking for reasons to support the moves (squiggles).
Any thoughts?
Fed rates decision; copy of a few words from IG markets:The...
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