The USD uptrend continues - Forex News by FX Leaders

The USD uptrend continues

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

The US Dollar has been in an uptrend in the last two weeks. The FED FOMC meeting minutes yesterday gave the bulls an additional reason to be more confident and they took the Buck higher. The unemployment claims were close to expectations which brushes off any worries from last week´s 50K miss.  The headline of the Philly FED business outlook came out negative but if you looked closer into the details they weren´t so bad. 

EUR/USD finds itself about 130 pips higher from yesterday´s opening price

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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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