Forex Signals Brief for May 3: The Final FED Hike Is Here
Skerdian Meta • 3 min read
Yesterday’s Market Wrap
Today’s Market Expectations
Early in the morning, we had the New Zealand employment report, with the unemployment rate ticking higher. The RBNZ Gov Orr held a speech after that, followed by Australian retail sales which remained stable last month. Later in the US session, we have the ADP Non-Farm employment change numbers, to be followed by the ISM services which are expected to show a slight improvement. Then comForex Signals Brief for May 3: The Final FED Hike Is Here es the FED meeting, with odds of a 25 bps hike at 82%, although the press conference will be more important, since it will shed some light on the future path post rate hikes.
Forex Signals Update
Yesterday the volatility was low during the European session, with a slight bullish momentum for the USD. But, the volatility picked up in the US session as the banking vows returned and safe havens such as Gold and the JPY surged higher. We opened five signals, two of which closed in profit while two closed in loss after the sudden decline in the USD.