MARKET UPDATE 12-Jun-18

Traders are closely watching the key events this week and topping the list is the historic Summit between the US President and the North Korean Leader. The two leaders have met today in Singapore, and on the agenda is North Korea’s nuclear capabilities, which Trump is hoping to convince them to abandon in exchange for economic assistance.

The focus will then shift to the three major central bank meetings. The US Federal Reserve is set to raise their interest rate by 25 basis points early Thursday morning. But before that, tomorrow they would release their Inflation numbers for May which could have an impact on the tone of Fed’s policy meeting.

On Friday, the European Central Bank officials are set to hold formal talks on ending its bond-buying program. While Bank of Japan meets with no change to policy expected.

Definitely very interesting events to look out for…

FX Rates 12.06.18

 

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