The market is getting nervous as the FOMC minutes approach
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Last updated: Wednesday, April 6, 2016
The FED FOMC minutes from the March meeting are due to be released at 18:00 GMT. The market is getting itchy. During the morning the US Dollar enjoyed some good demand but it looks like traders are positioning themselves before the minutes get released. The British Pound lost one and a half cent during the morning but have paired losses in just a few hours. Judging from hawkish comments of some FED members, personally I expect the FOMC minutes to be less dovish than Yellen´s press conference.
The GBP/USD chart shows that volatility has increased
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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