The focus in the currencies market is on the FOMC meeting later this week while it is highly expected in the markets that the Feds will leave interest rates steady of zero to 0.25 percent. Today the markets are calm as there were lack of major economic data that yet we see the dollar is climbing in the markets as a result of correctional movements since it was trading in the lowest in nearly a year.
The euro is seen depreciating versus the dollar but not because of its weakness yet because of the dollar's strength as a result of the correctional movements. The EUR/USD is being traded at 1.4649 while recording a high of 1.4712 and a low of 1.4610. The volumes indicator on the one-hour chart is showing us there is weak volume in the markets while there is a support at 1.4612 and a resistance at 1.4656.
The pound versus the dollar is currently trading in narrow ranges as the
Today the markets in