Forex Videos

The Wall Street finished wednesday trading in the green with Federal Reserve confident that growth is back and repeating that Interest rates will remain low for some considerable time. The NASDAQ rose by 0.59%, S&P 500 by 0.77% and Dow added 0.58% to its value. The US Dollar traded lower against most major currencies after Federal Reserve reiterated that Interest rates will stay low for some time to come. Federal Funds rate remains unchanged at 0.25%. Today the Unemployment Claims report is expected at 306K vs. 307K previously. Gold rose by 0.52% to close at $1,277 an ounce after Federal reserve cut its Bond buying program by $10 million and reaffirmed its plans to keep Interest rates at current levels. Crude oil fell by 0.04% to close at $105.36 a barrel.
The Euro rose versus US Dollar as investors avoided the greenback ahead of Federal reserve's statement on Monetary Policy. The EUR/USD has breached the resistance at 1.3575 and with RSI indicator above 50 and is expected to keep rising towards 1.3620. The Pound rose against US Dollar. The pair is trading below the resistance at 1.6990 and is expected to fall to 1.6950. However breaching this line may take the pair to 1.7040.