Skip to Content
News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
FOMC Minutes Excite Markets But Offer No Clear Dollar, SPX Move

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

John Kicklighter,

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.