EUR/USD After surging higher following the Federal Reserve FOMC meeting amid a wave of dollar selling, there was a general tone of consolidation during European trading on Thursday and the Euro retreated initially back to the 1.4825 area. The headline US GDP release was slightly weaker than expected with an annualised increase of 1.8% compared [...]

EUR/USD The dollar secured some respite in European trading on Wednesday as it found support in the 1.47 area, but it was unable to make much headway as underlying sentiment remained extremely weak. With attention focussed primarily on the Federal meeting a headline 2.5% increase in durable goods orders did not have a significant impact. [...]

EU Morning Report Dollar plummets a day after the FOMC meeting The US dollar plummeted to a three year low against a basket of currencies after the Fed interest rate decision. Fed officials decided to keep interest rates unchanged at 0-0.25% and continue their 600 billion dollar asset purchasing program until the end of the [...]

Today’s FOMC meeting and press conference has the potential to either put in a daily cycle bottom in the dollar index or initiate a waterfall decline into the dollar’s three year cycle low. There is a lot riding on this meeting. Let me explain. Today will be the 26th day of the current dollar cycle. [...]

Wednesday, April 27–Jim Wyckoff’s Morning Web Log * JIM’S MARKET THOUGHT OF THE DAY * v the market place, ahead of the press conference, and that could make for more subdued trading in some markets today, until after Bernanke’s remarks.–Jim STOCK INDEXES S&P 500 futures: Prices hit a fresh three-year high overnight. The shorter-term moving [...]