European markets stage brief relief rally on dovish #FED - TopicsExpress

European markets stage brief relief rally on dovish #FED minutes. European indices rallied significantly higher this morning after global sentiment received a boost with the release of minutes from the latest U.S. Federal Reserve Open Market Committee (#FOMC). The minutes confirmed the central bank’s dovish tone. They reflected a heated debate on forward guidance with some members arguing current language painted the wrong picture on the timing of rate hikes and pushed for any increases to be more dependent on economic data. The report also showed that the Federal Reserve staff cut their growth outlook due to the higher dollar, as a number of committee participants had concerns with global weakness. Watch the #forex news with cwmfx/ and #trade them smarter!

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