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Author Archives: Forex Crunch

US dollar: Mind the falling wedge

The Fed minutes released yesterday, on April 6th did not offer anything new to the markets. If anything the minutes simply reiterated what Fed officials were saying. Global risks are simply too much to warrant another rate hike under the current circumstances. Weighing on ...

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Jobless claims remain positive

It has so far been a muted and mixed reaction from global markets after yesterday’s FOMC minutes release. The minutes confirmed what many already knew – some policy members favored a hike at last month’s meeting, while some did not. Some policy members remain concerned over ...

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EURUSD , GBPUSD , USDJPY and XAUUSD TA – April 7 2016

EURUSD Daily Analysis EURUSD (1.13): EURUSD continues to hover near the 1.13 – 1.14 levels, with the past four daily sessions closing in the range. The consolidation is likely to see price action open up in the near term for a breakout. On the 4-hour chart, following the...

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Fed minutes – low market impact

The dollar was sagging through most of the session on Wednesday, with the Fed minutes not really doing anything to dent sentiment one way or the other. What they did reveal was a fairly deep-seated range of views on the committee, in part split ...

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USD crashes ahead of FOMC minutes – a buy opportunity?

The US dollar is sliding across the board. The bigger breakout is seen in USD/JPY which digs lower to levels last seen in October 2014, but also other currencies are celebrating against the US dollar. The Federal Reserve releases the minutes from the March 16...

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