Australia MI Leading Index -0.1 %, Previous: 0.1 %
Asia shares, dollar dither as focus turns to Fed – RTRS
Greek PM tears into lenders as euro zone prepares for 'Grexit' – RTRS
U.S. building permits near eight-year high; starts pull back – RTRS
Japanese Stocks Follow U.S. Shares Higher on Fed Rate Outlook – BBG
Markets have calmed down ahead of the Fed rate decision today. Most analysts expect the Fed to hold rates unchanged at zero until September this year, so the focus will be on the new quarterly forecasts from Fed officials. Fed Chair Yellen is likely to repeat that the Fed is data dependent and that a rate hike this year would be appropriate provided the economy improved as the Fed expected.
EUR/USD rallied to 1.1330 in yesterday’s London session, as stops got cleared. However, the pair quickly retraced those gains and settled now again around 1.1260. It will likely be quiet today, as many are waiting for further clues from the Fed, though headlines about Greece could trigger some volatility. The key levels to watch are 1.1330, 1.1390 to the topside and 1.1205, 1.1155 to the downside.
09:30 BST – UK Unemployment Rate
09:30 BST – UK Claimant Count Change
09:30 BST – UK Average Earnings Index
09:30 BST – Bank of England Meeting Minutes
10:00 BST – Euro Zone CPI
13:30 BST – Canadian Wholesale Sales
19:00 BST – Federal Reserve Interest Rate Decision