FOMC Minutes Keeps Unstable, High Risk GBPUSD Breakout Risk
Watch the recording of John Kicklighter's coverage of the FX market's reaction to the FOMC Minutes Release. The Fed offered support for Bernanke's timeline for the Fed Taper which has leveraged heavy speculative moves in Treasuries and carry trade. Yet, that confirmation didn't produce the dollar rally nor extend the US equity deleveraging that many expected. Why? John covers that and more through the event coverage.
Keep tabs on future event risk that can alter stimulus expectations and/or leverage volatility in the FX market with the DailyFX Economic Calendar.
Sign up for John’s email distribution list, here.