Asia AM Digest: FOMC Minutes Hurt USD, Boost S&P. JPY May Fall

Asia AM Digest: FOMC Minutes Hurt USD, Boost S&P. JPY May Fall

The US Dollar fell as the S&P 500 rose after the FOMC meeting minutes showed that officials could be in no rush to raise rates later on. The anti-risk Yen could fall if Asian shares echo US gains.
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Turkish Lira Rallies Versus the Dollar After Unexpected 300bp Rate Hike

Turkey’s central bank held an extraordinary meeting Wednesday to “discuss recent developments” with the Lira accelerating in a steep decline these past weeks. The 300bp rate hike triggered a remarkable FX response.
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Analyst Picks

David Song

David Song   

Currency Analyst

Currency Pair:  Bearish EUR/USD
Expertise: Fundamental and Technical
Average Timeframe of Trade: 2 - 10 Days
Martin Essex, MSTA

Martin Essex, MSTA   

Analyst and Editor

Currency Pair:  Prepare to Short EURCHF
Expertise: Economics and Technical Analysis
Average Timeframe of Trade: Next few days

Technical Analysis

EURUSD: Unlikely to Remain Above 1.170 with Bearish Bias

The current EURUSD price trend may soon reverse higher despite the fact traders remain net-long.
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Gold to Remain Below 1300 with Bearish Bias


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Nick Cawley
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Trading the two largest cryptocurrencies against each other gives investors an opportunity to capture token outperformance while reducing g...Continue Reading
Martin Essex, MSTA
Analyst and Editor
Trying to sell at the very top and close the position at the very bottom is a bad idea: better to be patient and make sure you aren’t...Continue Reading

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1.50%
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1.75%
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0.00%
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1.25%
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0.50%
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1.75%
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-0.75%
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-0.10%
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7.50%

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