Article / 20 September 2017 at 11:13 GMT

Mid-session Europe: The calm before the FOMC storm

Saxo Markets
  • NZD curve moving lower
  • USD's losses are gold's gains
  • FX crosses in tight ranges

Federal Reserve
Fed in focus. Photo: Shutterstock

By the Global Sales Trading team

  • European equities mixed ahead of FOMC meeting (announcement due at 1800 GMT). 
  • Interest rate decision, press conference by Fed chair Janet Yellen are the main focus areas of the day. Investors expect details on the Fed’s plans to shrink its balance sheet.   
  • UK August retail sales beat expectations, posting a 1.0% gain versus 0.2% expected (month-on-month) and 2.8% versus 1.4% expected (year-on-year).
  • Germany’s ThyssenKrupp and India's Tata Steel are said to agree on a joint venture that would create the number two steelmaker in Europe. 

Please click on the attached PDF for the Saxo Bank Global Sales Trading team's overview of the mid-session movements seen in forex, equity, FX option, commodity, and bond markets.
Download document

Mid-session Europe: September 20, 2017


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail