Traders Await Key Economic Data In Order To Make Their Next Move

US equities markets continued to slump today as concerns over the conflict between Israel and Iran persist. Meanwhile, traders are on edge anticipating the release of the FOMC’s minutes. At this point, expectations seem to be that the Fed will signal that it will continue to raise interest rates. As a result, the US dollar is up sharply, whereas US treasuries are down. But if the FOMC signals concerns about further rate hikes, this should result in a strong reversal of the current trends in the short term. Here’s what to expect.