The EUR/USD Remains Strong After Fed Proceedings

The EUR/USD was dropping in the early half of the present trading period but bounced in the next. The dollar made an effort to bounce against euro after the announcement of The Federal Reserve’s most recent policy conference. Up until now the greenback was incapable to pursue through with the session, trading to a great extent sideways.

The US crude oil supply decreased by 4.9 million barrels previous week after increasing by 2.3 million the week earlier. Experts had anticipated a rise by 3.1 million. Gross motor gasoline supply increased by 1.4 million. (Event A on the chart.)

FOMC records (event B on the chart) disclosed that a few of the Committee associates speculated that it may be viable to increase interest rates at the following meeting:


Actually, a few disputed in favor of increasing rate at the March session:



About The Author

Mike N

Financial Trading Systems Design Expert

Leave A Response

20 − = 14

* Denotes Required Field