Policy Statement: Wednesday and Fawad Razaqzada

policy statement: While Fawad Razaqzada, technical anlalyst at Forex, does not expect the central bank to announce a cut to key interest rates Wednesday, it is very likely to prepare the markets for a July trim, he said, according to Market Watch. If so, Razaqzada sees no reason for the bond market rally to falter Wednesday or at any time soon reflecting expectations for U.S. and other developed economies to slow. Draghi's comments came ahead of the U.S. Federal Reserve's monetary policy statement due Wednesday. Lower bond yields and borrowing costs could be good news for stocks as well as commodities which offer no yield assets such as gold and silver, he said. On Tuesday, at an annual conference in Sintra, Portugal, Draghi said the ECB could roll out fresh stimulus as soon as its next policy meeting in July, which sent the U.S. dollar lower against the euro and boosted most major equity benchmarks. August gold GCQ19, 2.82% climbed 7.80, or 0.6%, to settle at 1,350.70 Tuesday, the highest most-active contract settlement since April 18, 2018, according to Fact Set data. (news.financializer.com). As reported in the news.