The FOMC meeting minutes offer possible worries about low inflation for a long period of time .The minutes also focus on Europe, China , Japan and global economy, they show no worries about global economy ….Conclusion : the USD may rise , basically : chances are fifty :fifty , most likely it depends on the daily closing….the daily closing for today will give us more clues about next move ?!! we’ll update all pairs later !!!
Market reaction:
EURUSD jumps to 1.2600 but failed to hold gains and declined quickly …
GBPUSD jumps to 1.5719 but also declined below 1.5700 levels …
USDJPY declined to 117.39 , then recovered above 118.00 levels , weekly target , not that If the market mange to close above the 118.00 levels today , that would be a strong sign for 120.00 levels..
USDCHF declined to 0.9529 levels but recovered to 0.9590………
More updates will come soon !!!!
Comments are closed.