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Forex: GBP/USD declines after FOMC minutes brought forward

FXstreet.com (Barcelona) - GBP/USD has had an initially mixed reaction following today´s FOMC minutes which were suddenly brought forward in time.

The pair spiked higher to 1.5322 before quickly retracing lower to where it is currently trading just above support at 1.5300. The reasons for the change in release time are as yet unknown but they follow BoJ Governor Kuroda´s comments just previously. The minutes show that FOMC members saw little change in outlook from the prior meeting and a number of participants saw QE tapering at around mid year. Short term timeframe moving averages show some bearish sentiment, but on a longer time frame the sentiment remains positive. Hourly Stochastics are at 25 and initially look to be preparing for a cross. RSI is at 43 and moving with a slight downside bias.

Forex: USD/CAD rises to 1.0165 after FOMC minutes

The Dollar is trading higher today against its Canadian counterpart following the FOMC minutes early release. After rising around 20 pips in the last hour from 1.0145, the USD/CAD has tested the 1.0165 level. Currently the pair is trading at 1.0160.
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Forex: EUR/USD stays below 1.3100 after Fed minutes

The EUR/USD remained steady near daily lows after in an unusual move, the Federal Reserve released the minutes from its March 19-20 meeting at 13:00GMT instead of the usual 18:00GMT.
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