Forex Videos

The US Indices finished higher yesterday with NASDAQ adding 0.63% to its value, Dow rising by 0.47% and S&P 500 by 0.46%. The US Dollar traded lower versus most of its major counterparts after Federal reserve showed indications of ending its Monthly Bond buying program by year end. Today the Unemployment Claims is expected at 316K vs. 315K. Gold rose by 0.88% to close at $1,328 an ounce after a volatile trading session. Crude oil fell by 1.52% to close at $101.83 a barrel. The Euro rose versus US Dollar after Federal Reserve's decision to end it Bond buying program by year end encouraged investors to leave the safe haven of the dollar. The EUR/USD is still holding above the resistance of 1.35. Maintaining this may lead the pair to around 1.37. Today the European Central Bank is expected to release its monthly bulletin.
The Pound rose against the US Dollar with Fed's decision overshadowing a disappointing Halifax HPI. The GPB/USD is likely to remain positive as long as the pair is holding above support at 1.7050. However the RSI indicates an overbought area which may lead to another correction. Today Official Bank Rate is expected unchanged at 0.50%.