Markets await the FOMC as politics dominate

Following the strong trends of earlier in the day, it was no surprise to see forex markets consolidate and move sideways as the London forex session moved into the US, and ahead of the FOMC minutes later in the day. What was interesting and highlighted earlier, was the impact of the UK CPI data, normally an important release and one guaranteed to move local markets, but with politics taking centre stage, such data is relegated to the ‘also ran’ class, with market reaction muted. Brexit and all that this entails is a far bigger game in town, and so the reaction to any fundamental news carries less impact as a result, and likely to do so for many months to come.

By Anna Coulling

Charts from MT5 and NinjaTrader and indicators from Quantum Trading

About Anna 2015 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

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