FXstreet.com

The Federal Reserve finally announced yesterday that it will begin tapering its massive balance sheet from October at a snail's speed. The central bank is going to trim the balance sheet by $10 billion-a-month for the first three months, $20 billion-per-month for the next three, and on and on...

The Dollar-Yen pair took out the 200-DMA hurdle and rose to a two-month high of 112.65 after the Fed finally made a formal announcement that it would begin normalizing the balance sheet in October and the median dot plot continued to project one more rate hike this year, followed by three more...

The EUR/USD pair once again failed to hold early gains beyond the 1.20 key psychological mark and broke below the 1.1900 handle after the Fed kept interest rate projections unchanged, suggesting one more rate hike in 2017. All the aspects of the latest FOMC meeting were inclined towards a more...