Forex trading news for April 4, 2017
In other markets today:
– Spot gold is trading up $3.28 to $1256.53
– WTI Crude oil is trading at $51.12. That is above the 100 day MA and 50% retracement at $50.97 ().
Today, Richmond Feds Jeffrey Lacker resigned effective immediately. The resignation was on the back of admitting his role in leaking confidential Fed information about FOMC policy in 2012 to Medley Global Advisers. The news does not materially effect the current FOMC – Lacker is a non-voting member on the board this year and he was to resign later in the year. However, it is a black eye to the Fed and that may have an impact on the rope given the Fed to operate. You also wonder why it took so long to uncover the culprit. BTW Lackers lawyer has stated that his client will not be facing any criminal charges as a result of his transgressions.
Forexlive Americas forex news wrap: The leaker is found. It’s Lacker.
