On and off we go again - Forex News by FX Leaders

On and off we go again

Posted Thursday, May 19, 2016 by
Skerdian Meta • 1 min read

Yesterday the FED FOMC minutes showed that a June rate hike is on the table if the economic data supports it. That´s a huge turnaround after we have heard the last two dovish reports. The US Dollar enjoyed some good demand yesterday evening after the minutes were published, gaining about 70 pips. This has been the story in more than a year, a rate hike hint and everyone gets excited, a dovish statement and everyone panics.

EUR/USD lost about 70 pips right after the minutes were published

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of