So far throughout the U.S session today we still watch some sentiments of optimism throughout the currencies trading as yesterday's Federal Open Market Committee Policy makers decided to keep its Federal Fund target interest rates intact, as expected by the markets, at its historical low of 0.00 percent to 0.25 percent, and proclaimed the country's economic momentum during this past period was expanding moderately while extended its pledge to keep the rates exceptionally low through at least late 2014 to maintain a stronger economic growth.
Accordingly Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, declined to currently trade at 79.42 recording its highest level at 79.43 and it's lowest at 79.07.
Gold prices rose to reach $1.720.05 per ounce climbing from the opening price of $1,709.62. Oil dropped to reach $99.90 after opening at $99.89 per barrel.
No surprise than that the euro rose and gained momentum on the optimism set off by the FOMC members statement and rate decision yesterday to actually send the EUR/USD pair to trade up around $1.3147 from the opening level while recording the highest level of $1.3183 and lowest level of $1.3089 and in fact expect the pair to continue its incline as shown by four-hour and one-hour momentum indicator indicators.The trading range for today is among the major support at 1.2790 and the major resistance at 1.3220.
And for the same major factors and cheerfulness we watch the British Pound rose against the dollar as well and forecasted to continue its rise up according to the four-hour scale stochastic oscillator , driving the GBP/USD pair to trade around $1.5706 while recording the highest level of $1.5649 and lowest of $1.5649.The trading range for today is among key support at 1.5420 and key resistance at 1.5880
Finally, the Dollar declined versus the Japanese Yen, as the USD/JPY pair trades around ¥77.46, while recording the highest level of ¥77.28 and lowest levels of ¥77.28.The trading range for today is among key support at 76.10 and key resistance now at 79.55