Money Flows before the start of Europe

It's Wednesday and it's Powell's turn to capture the minds and hearts of market participants. How, however, depends on the subsequent press conference, which was last held at 21:30 Bulgarian time. We expect the FED to raise interest rates by 0.25 basis points, which will be the fourth and last rise in interest rates this year. That's what the markets have appreciated. It is the next year's risk assessment and what the FED will do after this day.

Wall Street ended yesterday in red and in Asia the moods were mixed after partially following the negative sentiment on Wall Street. Expectations are that Europe will start a little weaker, with today's markets rattling in anticipation of the Federal Reserve.

For a moment, Brexit, the trade war, the general worries about the world economy, and the collapse of oil will remain in the background, with all eyes on Powell. Today, the calendar is full of macroeconomic data for the UK, so we will also expect GBP / USD movements.

European traders and investors will act cautiously until the FOMC has come and the mood will be reserved.

Read more:

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