Tatiana Kashyrskaia
Forex news, dollar rate. Federal Open Market Commission within US FRS has preserved the interest rate at the range of 0%-0.25%. In this reference, representatives of US FRS gave their comments and expressed their opinion on current situation in the country.
Federal Reserve admits that national economy has been showing a steady growth during the time between the meetings of the Commission. The situation is also improving at American labour market, where unemployment has considerably dropped for several last months.
FRS representatives are waiting for steady long-term inflation rates, as inflation has been rather reserved for several last months, despite the price rise of energy resources and fuel.
Federal Reserve has also informed that it is going to follow flexible monetary policy further in order to favour quicker economic growth and long-term acceptable inflation rate. FRS also claims to be able to guarantee low interest rate at least till the end of 2014 if current rates of inflation and economic growth are preserved.
Let us mention that the direction of FRS monetary policy has been decided by its majority (9 out of 10 votes).
According to Masterforex-V Trading Academy, dollar index continues its mid-term bullish trend. Wave с(С) n3 continues. In the morning on March 14 there was a halt at the important point of resistance 1.6668 = 123% а(С) + 62% d1
When resistance is passed, next important point for the trend to continue will be provided by:
- 1.6689/95 = 138% А + 138% а(С)
- 1.6734 = 162% + NK 1.6900/1.6843
Pivot MF 1.6584
Dollar index rises together with pound index; consequently, there are set:
- their common bullish trend against Japanese yen (see charts on dollar /yen and pound/yen) and Swiss franc (see dollar/franc and pound/franc)
- flat by pound/dollar
Tatiana Kashyrskaia
