A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Greetings and Welcome to a Busy Wednesday!
We have plenty of “Heavyweight” Data coming today with the EU Consumer Confidence, FMOC and the Fed Interest Rate… as well as U.S. GDP, Crude and Energy Inventories, and plenty of Data later on in Japan. The RBNZ is also “on Base” for their Interest Rate Decision as well…
In my personal opinion… the True “Bellwether” of all of this Macro-Data will be the U.S. Dollar itself!
Risk-Aversion and Uncertainty and fear are still largely looming over us… as well as the ever-present possibility for “Counter-Intuitive” Price action with a stronger Dollar and Yen reaction in the face of “poor” U.S. Data and a “surprise” in Action and Rhetoric out of GDP and the FOMC.
Gold and Crude will be very interesting to observe from the Immediate-Term… as our Correlations have been largely “Absent” of late…
We bring in the Euro, Gold, and Crude to see where we are, and we will certainly re-visit these Three at the “Close of Event Business” later in the Day.
Here are the Hourlies of Fiber and Gold… and we stay with the Daily View on the June Crude Contract in observance of the large Ranging Area.
Give the Captures a Click for Commentary as always… and Post-Time is 3:30 GMT.
Please join me for the “Currency Majors Technical Perspective”, as always, right around 7:00 GMT, and of course… continued Updates throughout the Day as we move along!
