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Editors’ Picks
EUR/USD maintains its bullish bias near 1.1500, Fed eyed
EUR/USD advances modestly on Fed-day, hovering around the 1.1500 zone against the backdrop of a tepid retracement in the US Dollar. Market participants, in the meantime, remain cautious ahead of the Fed’s interest rate decision later in the European evening.
Gold extends its sidelined mood around $3,400 prior to the FOMC event
Gold trades with a positive bias and now appears flat near the $3,400 mark per troy ounce on Wednesday. Rising geopolitical tensions in the Middle East, along with continuing trade-related uncertainty, continue to weigh on market confidence and help the precious metal contain its losses ahead of the Fed rate announcement.
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