State of the market: the market is in anticipation of the Fed meeting minutes

At the start of the trading Wednesday it is a moderate dynamics on the market caused by the expectations of the US Federal Reserve meeting minutes and the interest rate hike. At the same time, the currencies of the Pacific region, Australian and New Zealand dollars received support on the data on reducing the trade deficit in New Zealand and improving the business climate.

The US dollar index is caught in the lateral range pending the US Federal Reserve  interest rates decision, limited to the trading range from 94.30 to 94.00. It is expected a significant increase in activity on the publication of Fed data and further press conference. Support levels for the day: 94.00, 93.70 and 93.50, resistance: 94.30, 94.50 and 94.80.

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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