Bounce back rally in USD sustainable?

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Hawkish Fed speaker boosted USD FX markets continued their roller coaster trading pattern in the Asian session. As we had anticipated, the hawkish line-up of Fed speakers gave the oversold USD a bullish push. Richmond Fed Lacker commented that faster pace of inflation suggested that roughly four 25bp rate hikes would be warranted in 2016. While San Francisco Fed Williams sounded slightly less hawkish suggesting that 2-3 hikes were reasonable. Surprisingly (because this is

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