Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders

Archives

EUR/USD Rallies Ahead of Wednesday’s FOMC Policy Decision

December 17, 2018 by

EUR/USD rallied today as the US dollar was soft ahead of the monetary policy announcement from the Federal Open Market Committee on Wednesday. The outlook for the greenback remained largely bullish, though.

NY Empire State Index slumped from 23.3 in November to 10.9 in December, whereas analysts had expected a much higher figure of 20.1. (Event A on the chart.)

Net foreign purchases were at $31.1 billion in October, up from $30.8 billion in September. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

Leave a Reply

required
required (will not be published)