There was nothing sensational and extraordinary in the “minutes” of the Federal Reserve, but the bored market managed to find there something to help it to move.
After a short pause, the EUR/USD pair is back to growing. Investors were too sensitive to the news, which cloud hardly be called the news: the minutes of the US Federal Reserve System meeting published yesterday simply confirmed the things said earlier. The current quote for the instrument is 1.1423.
So, the document says that the obstacles for the economic growth will disappear gradually or even slow, and there is no need to hurry when increasing the interest rates. In fact, this is what affected trading participants, although there is absolutely nothing new about it, because earlier Janet Yellen, the head of the FRS, said twice that the rate would be increased at a low pace.
Market expectations indicate that only 3% of investors and economists are expecting the American interest rate to be increased in April. It’s less than a few. “Reasonable precautiousness” is the Federal Reserve’s motto for the next eight months. The next meeting of the FRS will take place on April 26th
By the regulator’s new meeting, the market will have seen some significant statistics and even processed – this is important – the results of the Qatari meeting on April 17th
. There are too many speculative trends on the market right now, excess of misplaced emotions, that’s why the EUR/USD pair will fluctuate during the next 10 days.
There won’t be much interesting statistics today. In the late afternoon, the report on jobless claims over the previous week will be published. Average expectations predict the decrease of the indicator, and this is good for the US Dollar.
RoboForex Analytical Department
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