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19 Mar 2015
Markets digesting FOMC - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained the current conditions in the FX space post the FOMC.
Key Quotes:
"The market spent this Thursday digesting the fact that the FED removed the world "patient", but decided to remain patient anyway, and finally realized that, despite the not that clear announcement, the dollar is still the king."
"As commented several times during the last few months, the fact remains to be that the US is the only of the major economies, in the path of tightening its economic policy, and a rate hike is in the table whether if in June, or even September. After rallying as high as 1.1041, the EUR/USD pair is down on the day, consolidating a few pips above the daily low of 1.0617."
"At the fundamental front, the most relevant data of the day came from the US where the weekly unemployment claims that ticked higher last week, up to 291K and, the Philadelphia manufacturing survey also worse-than-expected, down to 45.0 in March from previous month 5.2. Anyway, data were ignored as the greenback advanced all through the day."
Key Quotes:
"The market spent this Thursday digesting the fact that the FED removed the world "patient", but decided to remain patient anyway, and finally realized that, despite the not that clear announcement, the dollar is still the king."
"As commented several times during the last few months, the fact remains to be that the US is the only of the major economies, in the path of tightening its economic policy, and a rate hike is in the table whether if in June, or even September. After rallying as high as 1.1041, the EUR/USD pair is down on the day, consolidating a few pips above the daily low of 1.0617."
"At the fundamental front, the most relevant data of the day came from the US where the weekly unemployment claims that ticked higher last week, up to 291K and, the Philadelphia manufacturing survey also worse-than-expected, down to 45.0 in March from previous month 5.2. Anyway, data were ignored as the greenback advanced all through the day."