FOMC meeting minutes. Most Fed officials backed B/S move at “an upcoming meeting”

FOMC meeting minutes The dollar is getting weaker after the meeting minutes.  The EURUSD has moved to a new session high but only by 1 pips so far. The 100 and 200 hour MA at 1.1766 and 1.1767 converge and should be a key target above for the pair. The USDJPY fell below the 100 bar MA

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European stocks up for the third day this week

Major indices show solid gains The major European indices are closing with solid gains today. It is the third day in a row for gains.  The EURUSD is lower in trading today which has been a benefit to the Euro stock markets.  Stories that ECB Draghi would not be announcing any new policy changes at the

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Forex technical analysis: USDCAD trading lower after big drawdown

Breaking to new session and below MAs, but rebounding a little.... The USDCAD is trading at new session lows and in the process moved below the 200 hour MA and 200 bar MA on the 4-hour chart at  the 1.2700 area.  The pair earlier fell below a trend line on the hourly chart and the 100

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