Boris and Kathy Forex Weekly – 13/6/2016 – Commodity Dollars
June 13, 2016 11:54 pm
Boris and Kathy Forex Weekly – 13/6/2016 – Commodity Dollars
Big Week for Currencies – 4 Central Bank Meetings and MORE! The big story for the dollar this week was Fed Chair Janet Yellen’s speech on Monday. She avoided saying that “rates will rise in the coming months,” and that sent the dollar tumbling because investors interpreted it to mean that a summer rate hike won’t be happening. U.S. data and the Federal Reserve’s monetary policy announcement will be the main focus but there are key releases from many parts of the world that can have a significant impact on currencies. This means it won’t be a week where direction is dictated solely by the market’s appetite for U.S. dollars. Instead there will be just as many if not more opportunities for relative value plays in currency crosses. Had last week’s non-farm payrolls report been strong …
Boris and Kathy Forex Weekly – 13/6/2016 – Commodity Dollars
Big Week for Currencies – 4 Central Bank Meetings and MORE! The big story for the dollar this week was Fed Chair Janet Yellen’s speech on Monday. She avoided saying that “rates will rise in the coming months,” and that sent the dollar tumbling because investors interpreted it to mean that a summer rate hike won’t be happening. U.S. data and the Federal Reserve’s monetary policy announcement will be the main focus but there are key releases from many parts of the world that can have a significant impact on currencies. This means it won’t be a week where direction is dictated solely by the market’s appetite for U.S. dollars. Instead there will be just as many if not more opportunities for relative value plays in currency crosses. Had last week’s non-farm payrolls report been strong …
Read Full Article: https://pepperstone.com/en/forex-news/market-review/boris-and-kathy-forex-weekly-13-6-2016
Want to see more Forex videos like this: https://www.youtube.com/playlist?list=PLBBgX72zYMKVYbuf3Y_ATq1OlVKcEWUQA
Find out more about Pepperstone:
https://pepperstone.com/
https://www.facebook.com/Pepperstonefx
https://twitter.com/PepperstoneFX
https://www.linkedin.com/company/pepperstone
Related Posts: