A wise Fed president once said the Fed’s job was to take away the punch bowl just as the party started to get good. Lockhart took away the market’s punch bow with his comments on an early Fed rate rise. EUR/USD has fallen back below 1.42, trading now at 1.4170. Gold is tumbling as well, back below $970. No one ever said this trading racket would be easy…
Lockhart takes away the punch bowl
Source: www.forexlive.com
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