Oct. 29: MARKET REVIEW UD dollar is steady ahead of the Fed’s meeting results which will be announced today. The central bank is expected to end QE, but take a cautious tone about raising rates. EUR/USD is consolidating in the $1.2735 area after reaching $1.2764 yesterday. According to Reuters, there’s a talk of a big option which expiries in the $1.2700/25 area could keep the common currency bound to these levels in the near term. AUD/USD is consolidating in the $0.8860 zone after spiking to $0.8881 yesterday. Asian stocks rose, with the regional index near the highest level in 4 weeks.
Posted on: Wed, 29 Oct 2014 06:47:32 +0000
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