Stay short on crude oil, long EURUSD on dovish FOMC Minutes

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The Day So Far Markets responded positively to the FOMC minutes from the October meeting, but not so much because it increased the probability of a rate hike at the December meeting, which markets now expect, but the cautious nature of the discussion offered re-assurance that the pace of hikes thereafter will likely to be very gradual indeed. Repeated focus on ‘data dependence’ and the downside risks to inflation suggest that the trajectory of rate increases should be the main focus of markets

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