London Wrap: Crude Nears $100 as the Dollar Slips
Crude pushed back toward $100 and the dollar softened into the London close, while UNI led a broadly red crypto board down 5.75%.
Crude pushed back toward $100 and the dollar softened into the London close, while UNI led a broadly red crypto board down 5.75%.
FOMC meeting minutes land at 18:00 UTC, giving markets the full debate behind the last Fed decision as dollar-quoted crypto pairs trade lower, led by UNI.
The Fed's FOMC meeting minutes at 18:00 UTC headline the next 24 hours, preceded by a scheduled address from President Trump at 17:00 β both USD events.
The US ISM Services PMI is the session's only scheduled release at 14:00 UTC, forecast at 55.1 against 55.4 prior β the number that matters for the dollar.
Crypto climbed against the dollar after the US Core PCE and Final GDP release on Sept 30, with Cardano leading gains and gold lagging behind.
US Core PCE lands at 12:30 UTC as the Fed's preferred inflation gauge; crypto pairs like LINK and Stellar slide while gold firms on our feed.
US Core PCE inflation and final Q2 GDP headline a packed 12:30 UTC block, with German CPI at 06:29 and ADP payrolls ahead, then Trump speaks at 19:30.
BOE Governor Bailey speaks at 09:15 UTC, the day's top event, before revised US Michigan sentiment (47.4 vs 47.8) and inflation expectations at 14:00 UTC.
The SNB rate decision and press conference lead the day at 07:30 UTC, before Canadian retail sales and US jobless claims land at 12:30 UTC.
Polkadot leads a crypto bounce while crude drops over 3% and the dollar firms across the majors. Here's where markets stand at the open.
A packed 24 hours: the Bank of England holds at 11:00 UTC, US data at 12:30, and the Bank of Japan decision lands overnight at 02:30 UTC.
The FOMC's Federal Funds Rate decision lands at 18:00 UTC on Sept 16, with a 4.00% forecast against a 3.75% previous. Here's what it measures and how markets trade.