Fed's Decision

Good morning forex traders.

To try and combat the recession the Fed cuts it's rates as was widely expected. This in turn was Dollar negative but the stock market as you would have expected rallied at what was considered good news.

Those of you I have mentored have heard me use the term "the markets are moving at a measured pace". For the forseeable future get used to "quantitative easing".

From the rate cut being released the Euro headed upwards like a rocket. However, the Euro has met up with the value index so we could see a pull back in the near future.

Gold responded well to the Dollar weakness and the Loonie has continued it's decline since the triple top mentioned on both this site and the sister site.

Good dynamic trading...


Javid Shaik
Forex Analyst