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Big Reaction to Little Action

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 17, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Yesterday, the Fed announced that it had decided to leave the interest rates unchanged. However, this doesn’t mean that nothing changed. There was something that the Fed said that altered the outlook. What was it? The Fed now signals two rate hikes in 2016 instead of four. Some investors even say that the Fed’s tightening cycle is over. Either way that’s a bearish piece of information for the USD Index, so yesterday’s move lower in itmay (!) be followed by a few additional daily downswings

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