The US currency gained support after the publication of the Fed minutes, however, it was short-lived growth. Despite the rather "hawkish" tone of the document, confirming a high probability of tightening monetary policy until the end of the year, the dollar, updating the long-term highs, moved to the correction mode. Most likely, the players decided to partially withdraw profits at high levels, as the USD tomorrow should pass two important tests - the speech of the Central Bank J. Yellen and report on retail sales.Thursday, 13 October 2016
The dollar took a pause in the light of the events risk
The US currency gained support after the publication of the Fed minutes, however, it was short-lived growth. Despite the rather "hawkish" tone of the document, confirming a high probability of tightening monetary policy until the end of the year, the dollar, updating the long-term highs, moved to the correction mode. Most likely, the players decided to partially withdraw profits at high levels, as the USD tomorrow should pass two important tests - the speech of the Central Bank J. Yellen and report on retail sales.
Labels:
event,
FED,
forex,
fundamental analysis,
investing,
monetary policy,
speculation,
trade,
trading,
trend
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment