05/22/2016 - Fed-Fueled Rollercoaster Continues

* Fundamental Recap: Fed-Fueled Rollercoaster Continues
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities

In the midst of the G7 meetings of finance ministers and central bankers beginning in Japan, this week in foreign exchange was largely focused on the anticipation of, and then reaction to, the Federal Reserve's latest public communications. The minutes from last month's FOMC meeting were released in the middle of the week, and the results represented yet another dizzying turn in what has become a Fed-fueled rollercoaster ride for the financial markets.

Although many Fed-watchers had already been anticipating a slightly more hawkish upturn from the FOMC this time around after months of apparently dovish-leaning statements, the central bank went a step further. The most salient aspect of April's FOMC minutes was the fact that members deemed a June interest rate hike to be likely if Q2 economic data continued to improve as expected. This was among the strongest... Full text »

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from FOREX.com's Weekly Strategy http://www.forex.com/weekly-forex-research.html