Analysis on forex news trading EURUSD, USDJPY and GBPUSD on FOMC federal funds rate and statement data, 17 pips profit in 20 seconds on 1 May 2019
According to our analysis EURUSD, USDJPY and GBPUSD moved 17 pips on FOMC statement data on 1 May 2019. There was no change in the federal funds rate. As also announced in January and March less likely adjustments (raising) of the federal funds rate in the near future was another time the initial trigger for the US dollar losses against major currencies. Please find the exact phrases from the January, March and May statements below.
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EURUSD (7 pips)
USDJPY (5 pips)
GBPUSD (5 pips)
Charts are exported from JForex (Dukascopy).