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The Bank of England (BoE) today raised rates by 0.25% to 1.00%, the highest level in 13 years as the UK central bank continues its battle against runaway inflation.

The Euro gathered some much needed momentum after yesterdays Fed rate decision as we shift focus to tomorrow’s NFP data release for further guidance.

Gold prices received a boost after the FOMC took the much talked about ‘75 basis point hikes’ off the table and communicated its tapering plan ahead of QT

The US Dollar did an about face on recent gains as the Fed raised rates by 0.50% but ruled out more aggressive moves. Will the DXY index ascension resume?

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Silver-bearish contrarian trading bias.

Crude oil prices may continue to rise if bulls can push above the April high. A rosy fundamental backdrop will likely help to fuel bullish sentiment.

The British Pound has recovered against the US Dollar but has weakened against the Australian Dollar. Will the Sterling gather broad based support?

EUR/USD may stage a larger recovery over the coming days as the exchange rate breaks out of a narrow range.

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bearish contrarian trading bias.

AUD/USD put in a blistering rally overnight after a relatively dovish FOMC announcement tanked the US Dollar. APAC traders are watching for follow-through as Australia's trade balance approaches.