We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bullish
Oil - US Crude
Bullish
Bitcoin
Bearish
More View more
Real Time News
  • 🇬🇧 GBP Core Consumer Price Index (YoY) (JAN), Actual: 1.6% Expected: 1.5% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇬🇧 GBP Consumer Price Index (YoY) (JAN), Actual: 1.8% Expected: 1.6% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2020-02-19
  • 🇬🇧 GBP Consumer Price Index (MoM) (JAN), Actual: -0.3% Expected: -0.4% Previous: 0.0% https://www.dailyfx.com/economic-calendar#2020-02-19
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT to gain insight on indices and commodities for the active trader. Register here: https://t.co/gghsFsZYlx https://t.co/tQh01FumFH
  • RT @IGSouthAfrica: Last chance to register for today's 'Trading with the MACD' webinar at 12pm https://t.co/R7XmiWEjRA
  • Conflicting signals in terms of safe-haven vs growth outlook. #Brent #Oil bullish reversal (double bottom) left, and #USD #Gold bullish continuation (triangle break) right. #TechnicalAnalysis I generally have more trust in continuations than reversals but lets see https://t.co/J2QcOy4MfJ
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/0Jsg1VmjPG
  • Conflicting signals in terms of safe-haven vs growth outlook. #Brent #Oil bullish reversal (double bottom), and #USD #Gold bullish continuation (triangle break). #TechnicalAnalysis I generally have more trust in continuations than reversals but lets see how this plays out https://t.co/UOLbjdCQt0
  • Heads Up:🇬🇧 GBP House Price Index (YoY) (DEC) due at 09:30 GMT (15min), Actual: N/A Expected: 2.4% Previous: 2.2% https://www.dailyfx.com/economic-calendar#2020-02-19
  • Heads Up:🇬🇧 GBP Core Consumer Price Index (YoY) (JAN) due at 09:30 GMT (15min), Actual: N/A Expected: 1.5% Previous: 1.4% https://www.dailyfx.com/economic-calendar#2020-02-19
FOMC Minutes Excite Markets But Offer No Clear Dollar, SPX Move

FOMC Minutes Excite Markets But Offer No Clear Dollar, SPX Move

2016-04-07 02:27:00
John Kicklighter, Chief Currency Strategist
Share:

Talking Points:

  • Market conditions are not conducive to developing trends and mounting major breakouts
  • The FOMC minutes offered remarks for both hawks and doves to trumpet, but the outcome is decided in market context
  • An rebound from the S&P 500 shows the difficulty with trying to mount a risk move - even with tech levels giving

Having trouble trading in the FX markets? This may be why.

There is no shortage of volatility with the right motivator, but the markets are still struggling with trend this week. This past session, the Dollar-based majors and US equities (among other risk assets) were shaken up by the FOMC minutes. The transcript of the Fed's meeting over March 15-16 carried far less fundamental heft than the forecasts and Chairwoman press conference that immediately followed the decision. We've already seen a dovish shift after the rate forecast was halved and Janet Yellen voiced concern about global conditions last week. Yet, that didn't stop both hawks and dovish from pointing to certain remarks. Debate over whether April should even be considered does not speak to a dovish lean considering the market doesn't fully price a hike until mid-2017. In the last 48 hours this week, there are calendar highlights and always the chance for headlines that shake the global markets; but there is little that promises to offer focus and conviction. With these limitations in mind; we consider the combination of conditions, fundamentals and technicals for trades in today's Trading Video.

To receive John’s analysis directly via email, please SIGN UP HERE

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.