The Fed and the ECB are on the same page

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 7, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Outlook: We were wrong about the Fed minutes not having much effect. Bond and FX traders correctly anticipated the minutes would come down on the dovish side, but since the bond gang was already long, we didn’t get the same exciting move as in FX. The feeble dollar pullback got killed dead in its tracks. Actually, the minutes had something for both sides. Kansas City Fed George, who wanted a hike in March, had “some” supporters. The Fed is cagey about how many. Equally unenlightening is that

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