Investors targeted through their trades today low yielding assets as it is considered safe, since the US economy in addition to the Euro zone lacked any release of news, figures or data. The main event awaited is the FOMC rate decision meeting on Tuesday, where markets expect that rates will remain at their historic lows between 0.00% and 0.25%, in addition to the announcement of easing policies that aim to aid the recovery process.

The US Dollar retreated in today's early trading as it remained under pressure from the last Jobs report that did not indicate any recovery in the US Labor sector while unemployment stayed at the crucial rate of 9.5%. By the evening the US Dollar succeeded in advancing again as optimism spread concerning tomorrow's FOMC meeting, yet it retreated versus the Japanese Yen falling to a 15-year low as a result of deteriorated US labor sector.

The dollar index which measures the USD's performance versus six major currencies including the Euro, Yen and Sterling Pound climbed today from opening level of 80.38 to currently trade at 80.70 recording its highest level at 80.74 and its lowest level at 80.24. Gold on the other hand, fell due to the relationship that links it with the USD in addition to the lowered appeal as investors headed towards high yielding assets, as it currently trades at $1199.75 falling $5.34 from opening levels. Oil is stabilizing currently at $80.88 per barrel climbing slightly from the opening price of $80.83.

The Euro/Dollar pair weakened even further, to trade below the opening level of $1.3290 at $1.3225 recording an intraday high at $1.3307 and a low at $1.3214, the pair broke the $1.3250 support level and technical analysis suggest the pair is heading towards $1.3195 while resistance levels remain at $1.3325, four hour Stochastic graph suggest that the pair is heading downwards in a correctional wave.

The Sterling/Dollar pair weakened today, to trade below the opening level of $1.5960 at $1.5920 recording a high at $1.5993 and a low at $1.5899, the pair broke the $1.5925 support level and technical analysis suggest the pair is heading towards $1.5865 while resistance levels remain at $1.5965, four hour Stochastic graph suggest that the pair is heading downwards in a correctional wave, yet so long as the pair remains above $1.5865 levels, the direction on intraday basis will remain to the upside.

The Dollar/Yen pair climbed during today's trading to trade above the opening level of ¥85.35 at ¥85.84 recording a high at ¥85.90 and a low at ¥85.28, the pair broke the ¥85.70 resistance level and technical analysis suggest the pair is heading towards ¥86.35 while support levels remain at ¥85.30, the four hour Stochastic graph suggest that the pair is heading upwards.