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

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