BREAKING: EURUSD pulls back after FED Bullard comments

7:00 PM 10 February 2022

Feds Bullard comments, which is a voting member in 2022, caused some volatility on USD and stock markets. Bullard said that he favors a 100 basis point increase by July 1 and would prefer 50 BPs in March but will defer to Powell. In his opinion Fed balance sheet reduction may require asset sales. As a result EURUSD has already dropped 40 pips from daily highs , US indices are also declining.

EURUSD, H1 interval. Source: xStation5

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