Day: April 9, 2014

EUR/USD Soars After FOMC Minutes Release

The currency pair traded with a small upward bias during the whole trading session and also reacted positively to the oil inventories report, but the real growth started immediately following the FOMC minutes release today. US wholesale inventories rose in line with the forecasts in February — by 0.5%. January inventories growth was revised from 0.6% to 0.8%. (Event C on the chart.) Crude oil inventories unexpectedly increased by 4 million barrels […]