What a surprise. The minutes from the FOMC meeting pushed the euro higher in the late U.S. trading session today.
The FOMC’s meeting Minutes revealed that the December rate hike was certain. Some members had concerns about the inflation that was not as strong as they had expected; therefore, they were not so sure about the future rate hikes. The markets do not like uncertainties, which sent the euro and other major currencies higher, and pushed the U.S. dollar decidedly lower.
Thanks to the FOMC minutes that triggered the euro’s bullish move against the dollar. A buy was generated from my MT4 EA today, and closed a few hours later with a profit.
The strategy can be found here.
The latest result can be found here.