Tuesday's US session opens with markets firmly in FOMC-eve mode — risk assets are consolidating the prior session's strong Iran peace deal s
FOMC eve trading saw investors position cautiously ahead of Federal Reserve Chair Kevin Warsh’s first policy decision, with markets largely expecting rates to remain unchanged. Gold extended its rally to $4,324.6, supported by easing inflation concerns following the US–Iran peace agreement and softer energy prices. The Nasdaq 100 held near 30,313 after a strong risk-on surge, while the US 30-year Treasury yield hovered around 4.98% as traders assessed the Fed’s future policy path. In equities, Tesla faced pressure amid valuation concerns, while Bitcoin consolidated near $65,884 and broader crypto markets remained stable. Currency markets saw modest dollar weakness against the Canadian dollar and Swiss franc as risk sentiment improved. With oil prices retreating and geopolitical tensions easing, all eyes are now on Wednesday’s FOMC statement and Warsh’s press conference, which could determine the next major move across equities, commodities, bonds, currencies, and cryptocurrencies.
Read the full analysis on: Capital Street FX - Forex and CFD Market Outlook