A dull market this morning - Forex News by FX Leaders

A dull market this morning

Posted Friday, May 20, 2016 by
Skerdian Meta • 1 min read

The forex market has been very quiet in the last three sessions. The range in most pairs has been 20-30 pips, apart from GBP/USD. It looks like the market is confused and doesn´t know what to do. On Wednesday, we had the FED FOMC meeting minutes which were more hawkish than the market was expecting and the USD bulls jumped in the train. But, yesterday we had a number of FED members making comments and giving mixed signals so the market was left clueless, that´s the reason no one it willing to pick a side today. 

EUR/USD is stuck between the 20 and 50 MAs

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments