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The anticipated FED minutes were released today, and has caused a bearish reaction to the USD.
The main take away from the meeting, was as follows
Essentially, confirming the rate hike. Sounds quite good for the USD
So why the sell off? This is the essence of fundamentals. The market is already aware of the Fed's interest in hiking in Dec. It was looking for further guidance. Essentially, the statement did not give it any new information.
The main thing that was sought in this meeting, was whether there would be further guidance on the path of normalization. I.E - how many rate hikes, how quick, expected total rise in 2016 etc.
Either way, this sell off offers an opportunity to buy the dip.
The main take away from the meeting, was as follows
Most participants anticipated that, based on their assessment of the current economic situation and their outlook for economic activity, the labor market, and inflation, these condiitions could well be met by the time of the next meeting.
Essentially, confirming the rate hike. Sounds quite good for the USD
So why the sell off? This is the essence of fundamentals. The market is already aware of the Fed's interest in hiking in Dec. It was looking for further guidance. Essentially, the statement did not give it any new information.
The main thing that was sought in this meeting, was whether there would be further guidance on the path of normalization. I.E - how many rate hikes, how quick, expected total rise in 2016 etc.
Either way, this sell off offers an opportunity to buy the dip.
