Monday - 2014-11-03 World News Federal Reserve officials dismissed recent turmoil in global financial markets, and focused instead on “solid” employment gains that will keep them on a path toward an interest-rate increase next year.... A majority of U.S. policy makers at their meeting Last week voting to proceed with plans to end their third round of asset purchases....(Bloomberg)...... while yesterday U.S GDP came above expectation in good sign of recovery , which indicate that U.S economy slack wasnt as bad as it seems BoJ announced unexpectedly an extra 30 Trillion Yen to its QQE ( Qualitative and Quantitative Easing Program ) to reach 80 trillion yen per year. To increase the inflation and negative effect of the last April Tax hike. Dollar Index Market managed after FOMC last week to sustain advance where managed to test 87.50-88 resistance zone market giving signals of ability to sustain short-run trading zone between 83.80 - 87.80 zone for the coming weeks/months as long as market holding trades below 86.80 will expect another drop toward 83.80 zone , however , successful closes above 87.20 would increase upward pressure.
Posted on: Mon, 03 Nov 2014 14:33:53 +0000
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