USD looks to FOMC minutes for inspiration

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Notwithstanding a material downturn in commodity prices, the Australian dollar moved higher overnight. Late yesterday it looked as though the local unit might come under some pressure in light of its correlative value with commodities, but it seems it seems positive sentiment in Europe kept its appeal intact. We’re also heard some talk about short-covering as participants take bets of the table that the RBA will cut rates. But it’s hard to argue against any real upside momentum over the

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