FXstreet.com

Forex: EUR/USD jumps to 1.4903 after the FOMC decision

Wed, Nov 4 2009, 19:46 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – The Euro jumped to 1.4903 posting a fresh one-week high but then pulled down to 1.4865. EUR/USD is consolidating important gains on Wednesday. Above 1.4900, the next resistance lies at 1.4925 (Oct 27 highs). A few minutes ago the Federal Reserve decided to leave rates unchanged at historic low levels.

Valeria Bednarik, Fxstreet.com collaborator, affirms in the current FXstreet.com FED Interest Rates Decision Live Coverage: "In the long term, I do believe that we will have to wait at least till Friday's close to see if there is a any definitions in dollar. We have BOE and ECB tomorrow, and Non farm Payrolls on Friday. market won't be taking strong decisions today.”

FXstreet.com

© 2009 “FXstreet.com. The Forex Market” All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of FXstreet.com.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Related News

Forex: EUR/USD rises as dollar weakens on housing news
FXstreet.com | Tue, Nov 24 2009, 01:08 GMT

USD/JPY still fighting the 89.00 level
FXstreet.com | Tue, Nov 24 2009, 00:23 GMT

Pound trapped around 1.6600
FXstreet.com | Tue, Nov 24 2009, 00:22 GMT

EUR/USD Current Price: 1.4964
FXstreet.com | Tue, Nov 24 2009, 00:20 GMT

Early Tokyo keen to sell JPY crosses
Forex Live | Tue, Nov 24 2009, 00:12 GMT

fed, eurusd, centralbanks, highlighted, currencies

View All

Related Content

Daily Video Recap - Stocks and Commodities Surge Higher Weakening Greenback by CMS Forex
Mon, Nov 23 2009, 23:48 GMT

Forex Market Alerts - Chart GBP/JPY Update: Piercing-pattern set last session fading deeper pullback by FXMarketAlerts
Mon, Nov 23 2009, 23:44 GMT

Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Mon, Nov 23 2009, 23:41 GMT

Market Session Recaps - New York Session by FOREX.com
Mon, Nov 23 2009, 22:12 GMT

U.S. Forex Market Commentary by GCI
Mon, Nov 23 2009, 22:10 GMT

fed, eurusd, centralbanks, highlighted, currencies

View All

Interested in forex trading? forex brokerage firms!


MG Financial Group
Contact the broker/FDM
Open a demo account
FX Solutions LLC
Contact the broker/FDM
Open a demo account
City Credit Capital (UK) Limited
Contact the broker/FDM
Open a demo account
Forex Club Financial Company
Contact the broker/FDM
Open a demo account
Saxo Bank A/S
Contact the broker/FDM
Open a demo account

GET CASH BACK FOR YOUR TRADES!   Learn more about the Pip Rebate Program

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2009 "FXstreet.com. The Forex Market" All Rights Reserved.