Back
17 Sep 2013
Session Recap: Okay Fed... here we go!
FXstreet.com (San Francisco) - The US Dollar traded lower for second day as investors have assumed a Fed's cut of 10-15 Bn in its bond buying program. Overall, market players were reluctant to take heavy risks and majors moved sideways.
The EUR/USD priced in a narrow range in between 1.3350 and 1.3360 in the American session. "Anyway, the pair remains under the bull’s control, consolidating a few pips below the 1.34 mark and finding buyers on dips since the week started," commented FXstreet.com chief analyst Valeria Bednarik. "Still with the post Summers withdrawal gap unfilled."
The GBP/USD remained above the 1.5900 market; the USD/JPY consolidated 99.00 levels; the USD/CAD declined to close below 1.0300 after touching fresh lowest since August 1st at 1.0273.
Main headlines in the American Session:
US: Annual CPI at 1.5% in August
US: NAHB Housing Market Index unchanged at 58 in September
Samaras: Recession in Greece is coming to an end
Metals retreat on final countdown
Wall Street advances as experts expect modest taper
The EUR/USD priced in a narrow range in between 1.3350 and 1.3360 in the American session. "Anyway, the pair remains under the bull’s control, consolidating a few pips below the 1.34 mark and finding buyers on dips since the week started," commented FXstreet.com chief analyst Valeria Bednarik. "Still with the post Summers withdrawal gap unfilled."
The GBP/USD remained above the 1.5900 market; the USD/JPY consolidated 99.00 levels; the USD/CAD declined to close below 1.0300 after touching fresh lowest since August 1st at 1.0273.
Main headlines in the American Session:
US: Annual CPI at 1.5% in August
US: NAHB Housing Market Index unchanged at 58 in September
Samaras: Recession in Greece is coming to an end
Metals retreat on final countdown
Wall Street advances as experts expect modest taper