Global macro overview for 24/09/2015:
Since the FOMC meeting last week, the negative sentiment prevails in global markets. Federal Reserve Chairperson Janet Yellen will be speaking today at 9pm GMT at the University of Massachusetts, and her remarks will be closely watched by investors worldwide. Despite the clear statement of rising the rates this year, the precise date of that event is still unclear. Moreover, at the recent Fed meeting the growth and inflation’s projections were all revised downwards. So, today Yellen will have be able to provide more clarity as she clearly missed to express last week.
The US dollar Index was climbing steadily after the Fed meeting, and currently it is trading just shy of the technical resistance at the level of 96.63. Any breakout higher would directly expose the golden trendline for a test.
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