UC GOING DOWN

UC GOING DOWN

Forex market is obviously lacking direction while it waits for the U.S data points. Investors / traders are pinning some of their hopes on FOMC’s minutes from the Federal Open Market Committee (FOMC) . With enormous tension diminishing in the wake of China’s decision last week to devalue its currency, the market is shifting her focus to U.S economic indicators as it looks for notions that the Fed has the justification to begin its rate normalization policy etc