The Euro traded sideways against the US Dollar, following the FOMC Statement release on Wednesday at 18:00 GMT. The EUR/USD exchange currency rate gained 8 pips or 0.07% after the release. The Euro continued trading at the 1.1380 level against the Greenback after the release.
Despite the initial reaction being low, the hourly candle had a 100-pip volatility.
The Federal Reserve released the Federal Funds Rate data, which came out in line with the expectations of 0.25%.
According to the official release: "The ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term. In light of these developments, the Committee decided to maintain the target range for the federal funds rate at 0 to 1/4 percent. The Committee expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals."
| Date | 29.01.20 | 03.03.20 | 15.03.20 | 29.04.20 | 10.06.20 |
|---|---|---|---|---|---|
| Actual | 1.75% | 1.25% | 0.25% | 0.25% | 0.25% |
| Forecast | 1.75% | - | - | 0.25% | 0.25% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.70178 | 0.70271 | 0.13% |
| EUR/USD | 1.13692 | 1.13829 | 0.12% |
| NZD/USD | 0.65566 | 0.6561 | 0.07% |
| USD/JPY | 107.262 | 107.303 | 0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 26.9% | 73.1% |
| EUR/USD | 27.9% | 72.1% |
| NZD/USD | 27.1% | 72.9% |
| USD/JPY | 35.4% | 64.7% |
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