EUR/USD: US FOMC Meeting Minutes and Federal Funds Rate

Source: Dukascopy Bank SA

The European Single Currency appreciated against the US Dollar, following the US FOMC Meeting Minutes release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 64 pips or 0.56%. The European Single Currency continued trading at the 1.1420 area against the US Dollar.

The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates.

Donald Trump, the President of US wrote in a tweet: "The only problem our economy has is the Fed, They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!"

Watch The Live Cover: Click Here

Historical Data Table: Federal Funds Rate  Economic Calendar for 22.03.2019
           
Date 13.06.2018 01.08.2018 08.11.2018 30.01.2019 20.03.2019 8:15 AM French Flash Services PMI
Actual <2.00% <2.00% <2.25% <2.50% <2.50% 8:30 AM German Flash Manufacturing PMI
Forecast <2.00% <2.00% <2.25% <2.50% <2.50% 12:30 PM CAD CPI m/m
           
Initial Reaction on Main Pairs Open Position Proportions on 21.03.2019
           
  Open Price Close Price % Change   Longs Shorts
AUD/USD 0.70945 0.71121 0.25% AUD/USD 73.74% 26.26%
EUR/USD 1.13575 1.13771 0.17% EUR/USD 26.53% 73.47%
USD/JPY 111.495 111.287 -0.19% USD/JPY 43.31% 56.69%
NZD/USD 0.68431 0.68699 0.39% NZD/USD 38.62% 61.38%

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.