Forex News for US Trading on June 6, 2016
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FOMC Chair Janet Yellen was the main event today and to me at least, she took a page from the late, great Muhammad Ali, and roped a dope through her speech. Now I know there was a little for everyone, but as pointed out she did use the word "but" 18 times (usually that is to used to present one side and then the other). She also use the word optimistic which signals that wants to remain hopeful (but with some degree of "hope"). The stock market liked it. Why?…I am not so sure. Nevertheless it closed at – or near high levels for 2016.
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