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  • Dovish FOMC minutes adds further pressure on the US dollar

    From hantecfx.com

    The dollar is beginning to come under increasing corrective pressure. Jerome Powell seemed to fire the gun on the move with dovish comments last Friday but he is being backed up by a run of Fed speakers and also now the FOMC minutes. Charles Evans, a voter in 2019, suggested that the Fed may hold off on rate hikes for the first couple of quarters this year. This seemed to be something of a tipping point for the dollar and drove EUR/USD above $1.1500 for the first time in ten weeks. This assessment seemed to be backed up by a strangely dovish set of FOMC minutes last night too (strange in that the December FOMC ... (full story)

  • #1
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  • Jan 10, 2019 4:45am Jan 10, 2019 4:45am
Already priced. Anything else?
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  • #2
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  • Jan 10, 2019 4:49am Jan 10, 2019 4:49am
Quoting TudorIoan
Already priced. Anything else?
initially was manipulated by Fitch .... It is long time that rating companies give any comments and if ..... U.K. is more uncertainty mount for investors and also France .
  • #3
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  • Jan 10, 2019 5:00am Jan 10, 2019 5:00am
Quoting hkg_paul
{quote} initially was manipulated by Fitch .... It is long time that rating companies give any comments and if ..... U.K. is more uncertainty mount for investors and also France .
Something must have happened before the minutes release.
I don't believe in manipulation, even Fitch uttered the sht out.
Because this is not just a game like banks (or smth. alike) against poor little retailers!
Rather dovish anticipation... fact is the EUR/USD was already up ahead the FOMC
Member
  • #4
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  • Jan 10, 2019 5:00am Jan 10, 2019 5:00am
Whatever crosswinds are affecting US economy they are more powerful against other G20 economies. Interest rate differentials will not harm USD.
  • #5
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  • Jan 10, 2019 5:40am Jan 10, 2019 5:40am
Agree with Anni Li. At the end of the day, investor always looks for higher yield. However, we have a serious problem with pathalogical liar trump!
  • #6
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  • Jan 10, 2019 6:29am Jan 10, 2019 6:29am
Quoting TudorIoan
{quote} Something must have happened before the minutes release. I don't believe in manipulation, even Fitch uttered the sht out. Because this is not just a game like banks (or smth. alike) against poor little retailers! Rather dovish anticipation... fact is the EUR/USD was already up ahead the FOMC
go to the chart timeframe and when the news comes out from Fitch ... GBPUsd came off from 1.2802 back to 1.2745 after BOE telling about currecies reserves. but the driver of all are the Yen crosses as usual. But it is ok .... we will see 1.12 or even lower EUusd before end Feb. And yesterday was a good chance to go short GBP again ahead brexit.
  • #7
  • Quote
  • Jan 10, 2019 6:40am Jan 10, 2019 6:40am
Quoting hkg_paul
{quote} go to the chart timeframe and when the news comes out from Fitch ... GBPUsd came off from 1.2802 back to 1.2745 after BOE telling about currecies reserves. but the driver of all are the Yen crosses as usual. But it is ok .... we will see 1.12 or even lower EUusd before end Feb. And yesterday was a good chance to go short GBP again ahead brexit.
Now I see what you mean. Makes sense, yah, agree.
Member
  • #8
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  • Jan 10, 2019 6:46am Jan 10, 2019 6:46am
By the time this article was published both EU and GU was on their way southward.
Two and a half hours later the trend is still down.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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  • Posted: Jan 10, 2019 4:30am
  • Submitted by:
     HantecRich
    Category: Technical Analysis
    Comments: 8  /  Views: 2,669