EURUSD: FOMC Minutes in the focus. The same drop happens again.
Next 24h, market pays all attention on FOMC Minutes where we expect a significant move in FX market from both volatility and volume.
Definitely, FED now is more confident than ever since the 2008 recession. Labor market improves steadily while inlfation is standing at 1.9% near FED's target at 2%. Market prepare all necessary conditions for FED to do A RIGHT DECISION.
So what does market actually hope in this Meeting ? more hawkish tone and more confidence. FED should use this meeting to prepare for December "liftoff".
There is one important thing I want to say: MARKET APPETITE IS CHANGING TO USDOLLAR SIDE.
USDollar is favourite. Dollar strength is reinforced across the board after FOMC Minutes : That is my final view.
- Technical Analysis
I see price action seems to repeat its action in the beginning of year.
EURUSD dropped 1000 pips in February and set the year low at 1.0460. Current price is 1.0635, I think EURUSD quickly drops to this year low.
Definitely, FED now is more confident than ever since the 2008 recession. Labor market improves steadily while inlfation is standing at 1.9% near FED's target at 2%. Market prepare all necessary conditions for FED to do A RIGHT DECISION.
So what does market actually hope in this Meeting ? more hawkish tone and more confidence. FED should use this meeting to prepare for December "liftoff".
There is one important thing I want to say: MARKET APPETITE IS CHANGING TO USDOLLAR SIDE.
USDollar is favourite. Dollar strength is reinforced across the board after FOMC Minutes : That is my final view.
- Technical Analysis
I see price action seems to repeat its action in the beginning of year.
EURUSD dropped 1000 pips in February and set the year low at 1.0460. Current price is 1.0635, I think EURUSD quickly drops to this year low.
