The USD/JPY pair headed to the downside after the Fed kept rates steady between zero and 0.25%. The dollar lost ground against the Japanese currency, as the Fed policy makers are not considering a tighter monetary policy,...
S&P Credit agency reduced the credit rating of Japan to negative level.
The markets charge on as there is no change in the Fed’s policy. Investors rushed into stocks Wednesday, sending the Nasdaq Composite Index to its highest since 2000, after the Federal Reserve reiterated its vow to stimulate...
EUR/CHF Time: 00.30 Rate: 1.2935 Strategy: long Daily time frame
The USD/CAD had a tough day today as traders bought in the early hours, only to sell it off again after the Federal Reserve meeting and news conference. The pair is decidedly bearish, and this was demonstrated...
The USD/CHF pair had a bizarre day today, first shooting higher – only to fall again. While this only proves the inherent weakness in this pair, trading this pair on the short-term charts was probably a very...
The AUD/USD pair skyrocketed again today as the gold markets were very bullish. The Aussie benefitted from the massive buying the gold markets saw in the afternoon as the Fed decided to continue with QE2. The pair...
The USD/JPY gained massively today, as the markets took off around the world. It should be noted that this pair is the weakest of all of the XXX/JPY pairs, as the USD is so weak at the...
The EUR/USD had a break out day today as the pair broke above the 1.47 area with conviction. Because of this, the 1.45 area can now be considered a floor of sorts, and that buying is the...
The effect of last night’s FOMC Statement and Press Conference was laser like on the currency markets. The USD finds itself at three year lows against the EUR, and also found itself bruised by the GBP. The...
