Wow, I go upstairs to fix a sandwich and come back down and the USD has jumped almost 100 pips!! What news just came out?
Edit: Correction from the Eur to the USD
Edit: Correction from the Eur to the USD
What caused this hourly spike on the EUR/GBP and GBP/CHF? 2 replies
What news caused these moves on Nov 29th? 6 replies
News Spike in "right" direction caused a loss 13 replies
Should Divergence, when caused by news be taken seriously? 5 replies
Quoting FXtodayDislikedThe Fed has increased interest rates by 0.25% to 5.25%. The statement with the decision stated that there were still inflation risks, but pointed to weaker growth and stated that any additional increases would be dependent on the outlook. The statement is weaker than expected and is negative for the US currency as it suggests the Fed would rather hold rates in August. The Euro needs to push above 1.2640 to make a decisive move towards 1.27.Ignored