Gold: Fed risk caps CTA upside – TD Securities

TD Securities’ Ryan McKay and Bart Melek note that Gold remains under pressure as markets price a hawkish Federal Reserve (Fed) path and renewed energy strength.
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Euro holds below 1.1400 against US Dollar as Fed interest rate decision looms

EUR/USD struggles below 1.1400 on Wednesday as traders brace for the Federal Reserve’s (Fed) interest-rate decision at 18:00 GMT, while the war in the Middle East fuels volatility across financial markets. At the time of writing, the pair trades around 1.1393, little changed on the day.
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