{"id":1146,"date":"2021-05-19T18:10:31","date_gmt":"2021-05-19T21:10:31","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1146"},"modified":"2021-05-19T18:10:34","modified_gmt":"2021-05-19T21:10:34","slug":"in-todays-session-until-3-pm-when-the-fed-published-the-minutes-of-the-last-meeting-of-the-monetary-policy-committee-the-eususd-wasmaintaining-the-bullish-movement-as-commented-yesterday-the-mo","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/05\/19\/in-todays-session-until-3-pm-when-the-fed-published-the-minutes-of-the-last-meeting-of-the-monetary-policy-committee-the-eususd-wasmaintaining-the-bullish-movement-as-commented-yesterday-the-mo\/","title":{"rendered":"In today’s session, until 3 pm, when the FED published the minutes of the last meeting of the monetary policy committee, the EUSUSD wasmaintaining the bullish movement. As commented yesterday, the more the FED ignores the rise in inflation, the greater the trend ofEURUSD high"},"content":{"rendered":"\n

Juliana Calil
05\/19\/2021<\/em><\/p>\n\n\n\n

Highlights<\/strong><\/p>\n\n\n\n

In today’s session, until 3 pm, when the FED published the minutes of the last meeting of the monetary policy committee, the EUSUSD wasmaintaining the bullish movement.\u00a0As commented yesterday, the more the FED ignores the rise in inflation, the greater the trend ofEURUSD high.\u00a0In the minutes published today, the FED demonstrated to be very attentive, and not ignoring, all the movements of theinflation, stating that he understands that inflation should be above 2% as long as the comparative periods reflect lowcaused by the effects of the pandemic.\u00a0After the disappearance of these transient effects, inflation is expected to return toless than 2%.\u00a0A strong recovery in economic activity that pressures inflation in the US would justify a tightening of policymonetary policy.\u00a0According to the minutes, \u201cif the economy progresses rapidly towards the goals of the Committee, it could be appropriate inat some point in the next meetings to start discussing a plan to adjust the pace of asset purchases \u201d.<\/p>\n\n\n\n

It is important to note that these minutes published today refer to the April FOMC meeting, held before the disclosure of theinflation and Payroll figures for the month.\u00a0April inflation was 4.3%, well above the committee’s target, and it did not have an effect, as theThe Fed said it was a weak benchmark and not a lack of supply or a decrease in the purchasing power of the currency.\u00a0When thetime to tighten monetary policy, the Fed will reduce its bond purchases, which are currently at least $ 120billion a month.<\/p>\n\n\n\n

In today’s session, the EURUSD rose to 1.2146, from where it started a correction, until the EDF minutes came out, when the USD gained strength,pulling the currency value down, and parking close to 1.2065, well below the VWAP and POC.<\/p>\n\n\n\n

The next most significant publications on the European market come on Friday, with preliminary indexes of managersMarkit’s shopping cart for May.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The DXY is trading at 90.2, higher.\u00a0The USDJPY is oscillating close to $ 109.2.\u00a0The USDCHF of $ 0.9034.\u00a0Gold isbeing traded at $ 1,871 an ounce, and silver at $ 27.7<\/p>\n\n\n\n

The main facts observed by investors at the moment are:<\/p>\n\n\n\n

COVID-19<\/strong><\/p>\n\n\n\n

France hopes to \u201cturn the page on COVID-19\u201d in November or December 2021, when a large part ofof the population is vaccinated, and if there are no new variants of the virus, said Health Minister Olivier Veran.Although he is optimistic, “we will remain vigilant and the French people must remain vigilant” toprevent a fourth wave of the pandemic, he said.\u00a0The health crisis is not over yet, but the French “do notshould live in fear “until then, added Veran. French cafe and restaurant terraces, as welllike museums and cinemas, they opened on Wednesday after a months-long lockdown.\u00a0A campaign ofaccelerated vaccination and a third round of restrictions on public life began to slow the spreadof the virus, with a noticeable drop in the occupation of intensive care units.\u00a0If the situation gets worseagain, the easing of restrictions will be called into question, said President Emmanuel Macron tojournalists while he and Prime Minister Jean Castex sat in a cafe to celebrate the day.<\/p>\n\n\n\n

Dr. Anthony Fauci, chief medical advisor to the White House, said on Wednesday that Covid-19 are decreasing in all US states, suggesting that widespread declines will make it moresafe for Americans to resume activities.\u00a0The USA reported an average of about 31,200 newcases a day last week, down 18% from the previous week.<\/p>\n\n\n\n

MACROECONOMY<\/strong><\/p>\n\n\n\n

Earlier today, Eurostat published the final reading of the April inflation figures.\u00a0The Consumer Price Indexrose 1.6% pa as expected.\u00a0Inflation was mainly driven by the increase in the cost of energy(10.4%).\u00a0Prices increased at a smoother pace for food, alcohol and tobacco (0.6%) and services(0.9%).\u00a0The ECB has already said that it expects an increase in inflation due to the base effects and temporary factors,warning that it may even exceed the central bank’s target by the end of the year.\u00a0Meanwhile, the core of theannual inflation, which excludes volatile energy, food, alcohol and tobacco prices, fell to 0.7 percent from0.9 percent in March.\u00a0On a monthly basis, consumer prices rose 0.6% in April<\/p>\n\n\n\n

ACTIONS<\/strong><\/p>\n\n\n\n

US stock indices today had the third consecutive day of losses.\u00a0The Dow Jones lost about165 points, led by a fall at Chevron Corp.\u00a0The S&P 500 fell 0.7% with all 11 sectors endingin red.\u00a0Meanwhile, the high-tech Nasdaq ended up virtually stable, after falling almost2% during the session<\/p>\n\n\n\n

In Europe, markets closed down in today’s session.<\/p>\n\n\n\n

OTHERS<\/strong><\/p>\n\n\n\n

Cryptocurrency settlement intensified on Wednesday, with Bitcoin falling more than 20% down$ 31,000 after Chinese authorities banned financial institutions and payment companiesto provide cryptocurrency-related services.\u00a0Cryptocurrencies were already under pressure after Teslasuspended purchases of vehicles using Bitcoin on May 12, mentioning the growing use of fuelsfossils for mining and Bitcoin transactions.\u00a0Bitcoin fell almost 50% from its $ 64,895 record setin mid-April, and erased all the gains it accumulated after the announcement of Musk by Elon on February 8that Tesla would accept it as a form of payment and use corporate money to buy the digital asset.<\/p>\n\n\n\n

Source: https:\/\/wintrademarkets.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Juliana Calil05\/19\/2021 Highlights In today’s session, until 3 pm, when the FED published the minutes of the last meeting of the monetary policy committee, the EUSUSD wasmaintaining the bullish movement.\u00a0As commented yesterday, the more the FED ignores the rise in inflation, the greater the trend ofEURUSD high.\u00a0In the minutes published today, the FED demonstrated to […]<\/p>\n","protected":false},"author":2,"featured_media":1106,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-hft"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1146"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1146\/revisions"}],"predecessor-version":[{"id":1148,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1146\/revisions\/1148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1106"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}