FOMC meeting points:
The Fed will try to aid economic recovery by buying $600 billion of government bonds till the June of 2011 with a chief aim to reduce interest rates. Also Ben Bernanke (the FED Chairman) underlines that it’s very important to push down the unemployment.
GBP/USD: The pound regains and keeps its uptrend. After the Fed confirmation of the next QE round, the GBP/USD skyrockets towards its new high.
EUR/USD: Because of the FOMC meeting and decisions on quantitative easing, European markets opened today on a positive way. The most of Euro indexes raised and started the Euro session with benefits. The EURO consolidates against the USD and the pair is testing a new resistance area above 1.4200.
USD/JPY: The yen continues to rise against the dollar and reaches again its new highs. And everything indicates that the USD/JPY downtrend will not stop.
Oil: The further weakness of US dollar has been confirmed after the FED announced the future QE measures. The oil positions became stronger and the prices reached new fresh highs above $85.
Gold: The gold prices have been supported by the Fed meeting results.