Less than four hours before the Federal Reserve meeting, which is followed by the press conference of the President of the Bank, with half an hour, global markets are trading in an atmosphere of calm and extreme caution, which reflects the importance of today’s meeting, which we discussed the expected scenarios for. (fayezalajmi-4x.com).

The US dollar is recording gains for the third consecutive session in early pricing of the US Federal Reserve’s move today to accelerate the pace of bond cuts and raise US interest rates more than once next year, as the general index of the US dollar is trading at 96.60 levels, its highest level in two weeks.

The markets ignored the slowdown in retail sales in the United States of America in November, according to data released today, Wednesday by the US Census Bureau, by 0.3%, compared to 1.7% in the October reading, to come below expectations that indicated a rise to 0.8%, and core sales fell in turn to 0.3% from 1.7 % .

The American markets, in turn, are in cautious trading before the bank meeting, where the main indicators enter the red color now, after half an hour of trading, with a loss of about 0.31% for the Dow Jones and 0.13% for the S&P 500 index, and a loss estimated at 0.55% for the Nasdaq.

The yellow metal is affected by the rises of the US dollar and is trading at levels of 1767 dollars per ounce, down by 0.04%, after it tested the levels of 1763 moments ago. The yield on US Treasury bonds forms an additional support for the US dollar, as the yield on the 10-year bonds is trading at a rise of about 1% at 1.46.

We note that caution is a duty in trading the interest statement, given the high volatility and uncalculated risks that the news bears.

It is preferable to wait until Jerome Powell’s press conference ends, and then rebuild the positions.