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Wednesday, April 5, 2017

[FOREX NEWS] FOMC minutes provide room for hikes, balance sheet reduction

The FOMC meeting minutes from the March 15th event provided some hawkish tones. However, the dollar did not really react strongly enough to the news. Here are two additional opinions on the implications of the document. Here is their view, courtesy of eFXnews: FOMC Minutes: A Good NFP On Friday Means Another Fed Hike In [...]

The post FOMC minutes provide room for hikes, balance sheet reduction appeared first on Forex Crunch.



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[FOREX NEWS] FOMC Minutes consist of hawkish tones – EUR/USD marks double bottom

The minutes from the FOMC Meeting back on March 15th contained some hawkish commentary. Most officials in the Federal Reserve saw the institution beginning to shrink its balance sheet is warranted, and mentioned starting the process later this year. They discussed communicating the reduction of reinvestment well in advance and including both treasuries and MBS in the [...]

The post FOMC Minutes consist of hawkish tones – EUR/USD marks double bottom appeared first on Forex Crunch.



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[FOREX NEWS] US ISM Non-Manufacturing slips with 55.2 – USD struggles

A big miss in the US services sector: a score of only 55.2 in the ISM Non-Manufacturing PMI. The US dollar loses some ground more comin The US forward-looking survey for the services sector by ISM was expected to remain on high ground, slipping from 57.6 to 57 points. The services sector is the vast majority [...]

The post US ISM Non-Manufacturing slips with 55.2 – USD struggles appeared first on Forex Crunch.



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[FOREX NEWS] EUR/USD prefers the glass half empty, slips in range

EUR/USD made a move to 1.0905 only to drop rapidly to the 1.06 handle. The world’s most popular currency pair struggles to find a new direction. A euro-related event has been positive but also a dollar-related event has been positive. In the struggle between these two forces, the pair leans a bit lower. Nevertheless, the battle for [...]

The post EUR/USD prefers the glass half empty, slips in range appeared first on Forex Crunch.



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[FOREX NEWS] UK Services PMI March 2017 beats with 55 – GBP/USD rises

The biggest sector in the UK is seeing a big improvement: 55 points in the Services PMI. GBP/USD is moving up, reaching 1.2480. Preview: GBP/USD: Trading the UK Services PM Markit’s purchasing managers’ index for the services sector was expected to show a small rise to 53.5 in March from 53.3 in February. The services sector is the [...]

The post UK Services PMI March 2017 beats with 55 – GBP/USD rises appeared first on Forex Crunch.



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