The green Benjamin gained further strength after that Federal Open Market Committee (FOMC) ended its two-day monetary policy meeting and agreed to keep its benchmark interest rate unchanged at a record low between 0.0% and 0.25%, while the FOMC`s statements had not seen any changes.

In fact the Feds maintained its monthly $85 billion of bond purchases, with the U.S. economy and particularly its labor market are recovering. The Fed said that the purchases will continue until “the outlook for the labor market has improved substantially in a context of price stability” and that it will continue to reinvest maturing securities.

As a result the euro fell against the dollar and remains on plunging slightly to the downside on the four and one-hour charts as a result of the current technical movements and strengthened dollar sending in fact the EUR/USD pair to trade around $1.3305 while recording the highest level of $1.3412 and lowest level of $1.3295, knowing that the pair may start to plunge as shown on the four-hour momentum indicators. The trading range for today is among the key support at 1.3225 and key resistance at 1.3505.

As for the British Pound, it is also declining on correctional movements and pulled by a stronger Benjamin driving the GBP/USD pair to trade around $1.5525 while recording the highest level of $1.5676 and lowest of $1.5510 and is most probably going to stay at this low level as witnessed at several time scale within the stochastic oscialltor.The trading range for today is among key support at 1.5500 and key resistance at 1.5880.

Finally the USD/JPY pair is flying to the upside to trade so far around ¥96.71 while recording the highest level of ¥96.71 and lowest levels of ¥94.82 but is highly projected to show a strong drop to the downside according to the one-hour stochastic oscillator. The trading range for today is among key support at 93.55 and key resistance at 96.35.

The European Union saw its local stock market close in red territories today as sentiments of pessimism are spread throughout the area’s local stock market since overall investors are awaiting the conclusion of the Federal Reserve’s policy meeting for indications on the duration of stimulus measures.

Indices performance came as follows:

CAC 40 Index

The French index fell 21.21 points or 0.55% to finally close at 3839.34. The index started the session at 3865.13 and recorded throughout the day its highest level at 3868.40 and its lowest level at 3823.65.

The worst performing shares in terms of subtracted value for the index were led by the Veolia Environnement SA share as it plummeted 2.34% to end at €9.167, following is the European Aeronautic Defence and Space Co share as it shed 1.96% to settle at €42.30, while coming in third is the Schneider Electric SA share which slumped 1.86% to close at €56.43.

DAX Index

German equities retreated today as the benchmark index DAX 30 closed the session lower by 32.43 points or 0.39% at 8197.08. The index started the session at 8285.90 and recorded throughout the day its highest level at 8285.90 and its lowest level at 8160.50.

The worst performing shares in terms of subtracted value for the index were led by the Lanxess AG share as it plummeted 3.50% to end at €52.07, following is the ThyssenKrupp AG share as it shed 2.13% to settle at €14.93, while coming in third is the RWE AG share which slumped 1.65% to close at €25.905.

FTSE 100 Index

The British benchmark index ended the day lower to settle at 6348.82 with a loss of 25.39 points or 0.40%. The index started the session at 6383.61 and recorded throughout the day its highest level at 6383.61 and its lowest level at 6374.21.

The worst performing shares in terms of subtracted value for the index were led by the Aggreko PLC share as it plummeted 5.25% to end at £1660.00, following is the United Utilities Group PLC share as it shed 4.75% to settle at £1660.00, while coming in third is the Severn Trent PLC share which slumped 3.91% to close at £1696.00.