Daily Video Analysis: The FOMC Sticks to the Script

Good Morning and welcome to CupO’Forex!

This is your daily video analysis for Thursday, Sept. 18.

Overnight the U.S. markets shot higher with Dow Jones Industrial Average (DJIA) closing at a new record high and even the S&P 500 closed back above the key technical level of 2,000. Why? The Federal Reserve left rates alone, announced the end of QE for next month and left the language in their statement the same. We now know rates will remain at super low periods at least until mid-2015. The U.S. dollar also shot higher and money came out of gold, pushing the precious metal lower.

All eyes will be on U.S. data releases for later today. Industrial production and initial jobless claims. All ears will be on Fed Chair Janet Yellen as she is set to give a speech today. Listen to her language.
Have a great day trading!