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Published on Aug 17, 2016
Surprisingly
hawkish comments from a member of the Federal Reserve have boosted the
U.S. Dollar and hit stocks ahead of the key FOMC release due later
today.
The EUR / USD currency pair has unexpectedly shot up above the major resistance at 1.1234 and may go on to threaten its long-term range highs.
The USD / JPY currency pair fell below the key level of 100 yesterday but was quickly boosted all the way up to 101 by the Fed’s comments. Sellers remain under pressure.
The GBP / USD currency pair was yesterday’s biggest winner, flipping resistances to support. Sellers remain under pressure with no turn apparent just yet.
The EUR / USD currency pair has unexpectedly shot up above the major resistance at 1.1234 and may go on to threaten its long-term range highs.
The USD / JPY currency pair fell below the key level of 100 yesterday but was quickly boosted all the way up to 101 by the Fed’s comments. Sellers remain under pressure.
The GBP / USD currency pair was yesterday’s biggest winner, flipping resistances to support. Sellers remain under pressure with no turn apparent just yet.
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