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FOMC leans dovish in March

Last updated: May 3rd, 2017 at 09:58 pm

The Fed has leaned somewhat unexpectedly dovish in its monetary policy in March.

March projections

The FOMC has slightly cut GDP and PCE forecasts but significantly dropped its expectations of rate hikes in 2016 from a potential four hikes to just 2.

Dot plots March

This has seen:

EUR/USD jumping 100 pips and ould now retest the post-ECB high at $1.1217

euro fed

Gold jump through the resistance at $1247.50 to open $1260.60

gold fed

USD/JPY fall 100 pips to test 112.60, but still remains rangebound, next support at 112.15

yen fed

Let’s see if the Yellen presser will cause these dovish trades any cause to turn again.


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Research Risk Warning

At Hantec Markets Ltd we provide an execution only service. Any opinions expressed by analyst Richard Perry should not be construed as investment advice or an investment recommendation. This report does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. Forex and CFDs are leveraged products which can result in losses greater than your initial deposit. Therefore you should only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved, seeking independent advice if necessary prior to entering into such transactions.