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Wednesday 14 March 2012

Forex EUR/USD trending down for FOMC Statement

FOMC statement last night was taken much too little of the hard line on the market, due tothe large amount of AA optimistic assessment of the labor market and there is no mention of QE3, compatible with the team analysis Danske. "With a solid understandingof retail trade, has led to a selloff in U.S. markets fixed income who led the EUR-USDextends the lower rate."

"This outweighs the positive impact on the concentration EUR / USD in risky assets and strengthening the trend towards one.30 level," the analysts. "The impact of higher U.S. rates was jointly weigh heavily on USD / JPY, although the yen is also struggling due tothe worsening trade balance of Japan and many BoJ easing aggressively."

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