A look at Tuesday morning’s market action
futures were positive with crude prices higher and fresh inflation figures due before the start of trading.
In the U.S., the Federal Reserve begins its two-day meeting on Tuesday, which will culminate in Wednesday’s policy announcement. Markets are expecting the central bank to hold steady but will listening closely to comments from Fed chair Jerome Powell about future moves after a strong run of U.S. economic data.extended their midnight strike deadline
“This oil rally has been relentless and I’m not seeing any signs of exhaustion yet,” OANDA senior analyst Ed Moya said. Later Tuesday, markets will get weekly inventory data from the American Petroleum Institute. More official government figures follow on Wednesday morning. “G10 currencies have traded in extremely tight ranges overnight,” RBC chief currency strategist Adam Cole said.
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