Asian shares weakened as investors analyzed the Australian central bank minutes and waited for the Fed's decision on interest rates.
European shares opened higher partly due to the Fed meeting ahead and strengthening beyond expectations.
US Pre-Open Markets
US stocks are still likely to rise because ahead of the Fed policy meeting it is predicted that it will be in line with expectations.
Oil prices are still rising due to concerns about a supply deficit, after Saudi Arabia and Russia were predicted to extend joint troop reductions until the end of the year.
U.S. Treasury Yield.
10-year treasury yields tend to weaken ahead of the Fed meeting which tends to worry about the Fed's future decisions.
Major Currency Pairs
Sterling tends to rise slightly because the BoE's increase in interest rates may be difficult to stem the weakening and the influence of rising USD.
Get the latest news every day regarding market analysis, updated trading news, and reliable technical analysis. DCFX#TheSuperApp is fully featured with 70+ global instruments. So, Immediately download the application and trade now!
Derivative investments involve significant risks and can result in the loss of your invested capital. You are advised to read and study carefully the legality of the company, products and trading rules before deciding to invest your money. Be responsible and accountable in your trading.
Margin transactions use leverage mechanism, carry high risks and not suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment hence be wary any promise of guaranteed profit on trading. You are advised not to use your money if you are not prepared to suffer losses. Before deciding to trade, make sure you understand the risks involved and also consider your experience.