NY Open: Watching paint dry
Traders are on tenterhooks ahead of the release of the latest FOMC meeting minutes later today. They shouldn't bother. Fed board members have repeatedly flown the dovish flag in recent days, so why expect surprises?
Senior Editor, Saxo Bank
Summary: The Federal Reserve Open Market Committee's meeting minutes, released last night, have strengthened the thesis that US monetary policy is shifting trajectory. Meanwhile, the G20 showdown between the US and China over trade will dominate the agenda as the weekend approaches.