Last night’s FOMC turned out to be rather a non-event in the end although going into the meeting a degree of bearishness was expected and this didn’t materialise. The word “patience”, which has now become the new “extended period”, remained and despite inflation continuing to plunge on the back of lower oil prices, the Fed’s comments were interpreted as being slightly more hawkish than expected. The dollar crept a little higher after the announcement, but only tentatively and that tentativeness continued overnight, with a broader sell off in the Aussie and Kiwi. These two currencies, with their higher interest rates, look more susceptible to suffering from further dollar strength and it’s little wonder both AUDUSD and NZDUSD headed lower following a shift in stance from the RBNZ at their latest rate decision yesterday evening. This much more dovish tone sent NZDUSD to a new four year low at one point getting below 0.7300. Today attention will be given to Eurozone consumer and business confidence data and German unemployment and inflation figures. In recent weeks a few glimmers of light had materialised on the economic data front from the Eurozone, so it will be interesting to see what lower oil prices have done for sentiment which is expected to tick higher. Worth noting that the Yen could see some activity overnight as Japanese inflation and unemployment data is released. Further reading: AUD/NZD: RBA Rate Cut Speculation Builds as RBNZ feeds the bears – RBS EURUSD, GBPUSD, USDJPY Pivot Points, TA – Jan. 29 2015 FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EUR/USD remains below 1.13 despite solid EZ data Yohay Elam 8 years Last night's FOMC turned out to be rather a non-event in the end although going into the meeting a degree of bearishness was expected and this didn't materialise. The word "patience", which has now become the new "extended period", remained and despite inflation continuing to plunge on the back of lower oil prices, the Fed's comments were interpreted as being slightly more hawkish than expected. The dollar crept a little higher after the announcement, but only tentatively and that tentativeness continued overnight, with a broader sell off in the Aussie and Kiwi. These two currencies, with their higher interest rates,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
