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Dovish Fed leaves FX traders at a loss: Hardy

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April 04, 2016 audusd, australia, australian, canadian, commodities, commodity, currencies, currency, dollar, euro, eurusd, fed, federal reserve, forex, fx, hardy, japan, japanese yen, john hardy, jpy, rba, reserve bank of australia, saxo, saxo bank, saxo bank tradingfloor.com, saxo tv, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotradergo, saxotv, strategist, strategy, trade, trader, traders, trading, tradingfloor, tradingfloor.com, tradingfloorcom, united states, us, usd, usdcad, usdjpy, yen
The very dovish tone struck by the US Fed has left FX traders at a loss, says Saxo Bank’s John Hardy, which is why the USD response to a solid US jobs report was muted.

Hardy looks at how EURUSD is trading in the wake of the March nonfarm payrolls. He also previews the upcoming rate decision from the Reserve Bank of Australia, which meets on April 5 and sets out his trading strategies for currency pairs such as AUDUSD, USDCAD and USDJPY.