Stock markets reprice ahead of the FOMC meeting

The appreciation in the US dollar as it is pushed higher by rising US benchmark yields and diminishing economic data from around the globe is causing a lot of major crosses to extend their ranges and look for value at generally lower prices if crossed with the US dollar. Wednesday will be the market’s focus as there is now a potential for a market surprise following the FOMC rate hike decision. Will they stick to their plan of 50bps, or will they submit to the calls from the more Hawkish members who think the Fed is still behind the curve after pontificating far too long during 2021? 

For more trading details, please check the hyperlinks with time stamp indicated from the video:

4:25 AUD/JPY

4:42 AUD/USD

5:19 EUR/AUD

5:59 EUR/GBP

6:34 EUR/USD

7:34 GBP/USD

8:08 USD/JPY

8:45 FTSE100

9:06 S&P500

10:07 NASDAQ

10:27 BRENT

10:51 GOLD