The drop of the greenback in the threshold of the FOMC meeting.
Asian and European trading sessions:
Euro: The EUR/USD pair strengthened above the $1,3100 mark.
US Dollar: The greenback showed weakness as the expectations for the FOMC meeting expressed possibility of the further measures aimed to stimulate the US economy.
The Federal Open Market Committee is expected to keep their benchmark interest rate unchanged at 0.25 % during the considerable period of time. The concerns over the slow-down of the US economy rehabilitation rate reinforced.
British Pound: Monday saw a strong drop of sterling after the release of the Rightmove House prices, which showed a drop for 1.1% in September.
The GBP/USD rate traded in the range of $1,5630-$1,5680.
Japanese Yen: The USD/JPY pair traded in the range of Y85,50-Y85,80.
Australian Dollar: Speculations regarding the possible increase of the principal interest rate at the next RBA meeting supported the Australian dollar rate growth against the major currencies. The head of the Reserve Bank of Australia, Glenn Stevens, mentioned that the boom in the mining industry was expected next year, which would contribute to the economy growth.
Oil: The oil traded at the level of $73.65.
Gold: The yellow metal traded around the $1278.00 mark per ounce. American trading session:
US Dollar: The US dollar rate continued to trade around its 5-week minimum against the euro. The demand for the save-haven currencies dropped.
Technical analysis for 21/09
EURUSD
The pair is testing 1.30901, once this level is broken the pair will rise to 1.33143.
Resistance: 1.30901, 1.33143, 1.34882
Support: 1.30277, 1.28630, 1.25690
GBPUSD
The pair has tested Moving Average (500) at 1.55763 and rolling back. Support maybe found at 1.54842.
Resistance: 1.56722, 1.58543, 1.60322
Support: 1.54842, 1.52523, 1.50581
USDCHF
The pair returned to support 1.00209. MACD convergence is stopping pair from declining.
Resistance: 1.01498, 1.02747, 1.03987
Support: 0.00209, 0.99066, 0.97914
USDJPY
The pair is working out the MACD convergence. The pair may roll back after a sharp rise to 85.161.
Resistance: 86.246, 87.014, 87.728
Support: 85.161, 84.260, 83.330
AUDUSD
The pair has found support at 0.93788. If the pair breaks this level the pair will drop to 0.92170. If the pair breaks 0.94898 the pair will rise to 0.96392.
Resistance: 0.94898, 0.96392, 0.97715
Support: 0.93788, 0.92170, 0.90284