24 hours after June ’16 FOMC statement, CAD remains weakest currency against USD, JPY strongest. In general shorting JPY-crosses is a winning trade.
USD loses after FOMC as NZD, CAD gains most. GBPNZD turns out best performing cross while a straight long NZDUSD is no easy task with resistance overhead.
Post September-2015 FOMC meeting update on DJ30. Looks at support and resistance levels.
We explain what VIX is and attempt to see VIX at current level can tell whether FOMC will hike interest rates at September 2015 FOMC or not.
Can we predict what Federal Reserve will do from the Dollar Index? We think not but if it has any predictive value, it must be signalling disappointment.