A Lively Asian Session with Pips in the Pocket - Forex News by FX Leaders

A Lively Asian Session with Pips in the Pocket

Posted Thursday, February 23, 2017 by
Skerdian Meta • 1 min read

Last evening, we were waiting for the FED meeting minutes which were released at 19:00 GMT as always. We will cover them later on, but for now I can say that the forex market didn't like what was there.

All major forex pairs either collapsed or shot higher; all against the USD. EUR/USD jumped about 50 pips higher and so did AUD/USD.

If you remember, we had a forex signal open here yesterday which we bought around 0.7670. That was the second one in a row for this pair. Both of them closed in profit.

The second signal in this forex pair closed during the surge after the release of the FED FOMC Minutes last evening. It was lucky for us because the Australian Capex data missed the expectations badly and the Aussie dived afterwards. Well, we got our pips, so a big thank you to the FED.

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
The USD/CAD pair faces immediate resistance at the 1.3339 level, and closing below this level is likely to drive selling trends until the 1.
16 hours ago

Leave a Reply

Notify of