In this recording of this morning’s forex webinar ahead of today’s FOMC David & I explain how the current market meltdown has been attributed to last Friday’s CPI numbers which came in worse than expected. This triggered a rise in bond yields and the likelihood the FED would raise the FED Funds rate to 150-175 which was confirmed by the CME Fed Watch Tool. The USD responded by rising sharply once again before pausing at the R4 Camarilla pivot on the daily chart of the DXY as it awaits the FED’s decision.
All the indicators featured on the charts are my own and available from Quantumtrading http://bit.ly/2MAjR8w
Follow me on Twitter @annacoull &
You can find further forex analysis on my Facebook page https://bit.ly/3Lp4URS
Leave a Reply