EU Bullet Report | USD Crashes | GBP In Spotlight

FED Holds Rates, USD Crushed

What Happened: In yesterday’s FOMC Meeting, the Fed reduced expectations for future interest rate hikes which brought considerable volatility into markets. EURUSD skyrocketed around 100 pips to a 1-month high, while Gold rose more than $16 right after the statement.

AUD/USD rallied 1.02% to a fresh eight-month high of 0.7628
NZD/USD jumped 1.01% to trade at 0.6791
S. Dollar Index was last quoted at 95.80, up 0.10%
Crude Oil Inventories

What Happened: The report showed that US crude oil inventory rose by 1.5 million barrels for the week ending March 11, 2016 to record highs for a fifth straight week.

WTI moved higher on Wednesday, trading at $37.91
BRT was trading at $40.27
Today’s Market Events

Bank of England Rate Announcement at 12:00GMT: The BoE will release the monetary policy summary, the official bank rate and the MPC votes. The benchmark rate is anticipated to stay unchanged at 0.50 percent. With “Brexit” fears increasing volatility is expected with GBP crosses.

*Report prepared by the easy-forex Dealing Room

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