Where are we after the FED - Forex News by FX Leaders

Where are we after the FED

Posted Thursday, April 28, 2016 by
Skerdian Meta • 1 min read

The FED held their scheduled monthly meeting yesterday. The market, including myself, was expecting to see some more hawkish comments comparing to the March FOMC statement. But that didn´t happen; while they eased their concerns about the global situation, they offered little hope for a June rate hike. That sent the USD 50-100 pips down after an initial surge. 

EUR/USD is about 50 pips higher after an initial wobble right after the statement was released

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About the author

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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