Don’t waste your time – keep track of how NFP affects the US dollar!

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Active Market: Gold, EUR/USD, Oil

Updated

The Fed published the detailed record of its latest meeting. As expected, it revealed that officials are ready to start tapering on November 2-3 (a gradual cut of asset purchases). Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.

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