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3 Scenarios for the FOMC Minutes

The ongoing dollar strength ran into some profit taking, especially against the euro which has its back against the wall ahead of the big event of the week: the FOMC Meeting Minutes. We laid out 3 scenarios for this event that will have ongoing effects on markets, with some awareness of the BOJ decision following the Japanese recession news. Wrap up of the morning show:

 

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.