Analysts at TD Securities explained that Wednesday’s FOMC meeting was overshadowed by resurfaced trade risks. Key Quotes: “Shortly after pledging to restart US/China trade talks, the US announced it may raise proposed tariffs on $200bn of Chinese imports to 25% from 10%.” “Market sentiment took a hit with Canadian equities down 0.4% while the S&P 500 rallied into the close to end the session down 0.1%. Rates bear-steepened with 2s10s widening by 4bps in Canada while Treasuries outperformed.” “Antipodeans (NZD: -0.4%, AUD: -0.3%) were weighed down against the USD by trade tensions while USDTRY (+1.6%) surged on new sanctions against Turkey. CAD (+0.1%) and MXN (+0.2%) saw modest gains on reported progress on NAFTA auto content rules.” “BoE and Banxico are the main risk events for Thursday.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/GBP Technical Analysis: EUR/GBP turns lower breaking below 0.8900 level FX Street 5 years Analysts at TD Securities explained that Wednesday's FOMC meeting was overshadowed by resurfaced trade risks. Key Quotes: "Shortly after pledging to restart US/China trade talks, the US announced it may raise proposed tariffs on $200bn of Chinese imports to 25% from 10%." "Market sentiment took a hit with Canadian equities down 0.4% while the S&P 500 rallied into the close to end the session down 0.1%. Rates bear-steepened with 2s10s widening by 4bps in Canada while Treasuries outperformed." "Antipodeans (NZD: -0.4%, AUD: -0.3%) were weighed down against the USD by trade tensions while USDTRY (+1.6%) surged on new sanctions against… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
