USD Intraday Technical Analysis (+Video)

What was billed as a bit of a non-event from the FOMC minutes had a big old spike on the US Dollar. Watch a 3 minutes video from Stuart Cowell on this from the 22 February USD Intraday Technical Analysis.

22 February, HotForex – The dollar firmed against the major currencies in early trading today. This followed the release of Fed minutes which showed that officials sounded more upbeat about the US economy. These sentiments bolstered analysts’ estimates that more rate hikes were coming.

After the release, the dollar index which tracks the dollar against major currencies rose to the highest level since February 13. Traders now expect the Fed to raise rates in their March meeting.

22 February USD Intraday Technical Analysis (+Video)

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This article about 22 February USD Intraday Technical Analysis was written by Stuart Cowell, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.

All information provided gathered from reputable sources. Any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. We assume no liability for any loss arising from any investment made based on the information provided in this communication.

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