The $FED completely changed the game. While Bernanke had been on the circuit implying more QE was on deck, the minutes revealed a much more hawkish Federal Reserve. And as a result, the USD rallied across the board. Now the question going forward is whether the USD is really gaining strength or are traders being given a USD-selling opportunity?
- UK manufactures a recession side-step (World First)
- UK Construction PMI & GDP Growth (Reuters)
- Reserve Bank Of Australia Seems Biased Toward More Monetary Easing (Seeking Alpha)
- Federal Reserve tones down talk of more stimulus (Reuters)
- GBP/USD – Preview: Will Services Surprise Complete the PMI Trifecta for UK? (fxtimes)
- EURGBP Near term target (Chart.ly)
- GBPUSD If the dollar run stalls… (Chart.ly)
- Daily Chart Art – April 3, 2012 (Baby Pips)