Review The US: As expected, the FOMC meeting was a non-event. In its interest-rate announcement, the Fed kept all doors open and emphasised that the programme of asset purchases can be expanded as well as reduced. As an initial reaction, USD weakened from 131.80 in EURUSD to 132.20. The US: ADP employment fell to 119,000 – against the estimate of 150,000. The ADP figures are often used as an indicator of the employment figures to be released tomorrow, and in that light, the figures contributed
Go here to read the rest:
We resume our EURUSD sell recommendation despite event risks