Fed left rates unchanged at 0-0.25% as widely expected. The wordings that rates will be kept at exceptionally low level for an "extended period" of time was practically unchanged. After all, there was nothing special from the FOMC statement. Markets

USD/CHF's fall from 1.0337 extends further in early US session and the development indicates that a short term top is in place at 1.0337 already. Deeper decline might be seen to 1.0156 and below. But still downside should be contained

USD/JPY's recovery from 89.44 extends further today and at this point, further rise might still be seen. But after all, upside is expected to be limited below 91.60. As noted before, choppy rise from 88.00 should have completed at 92.31

GBP/USD's rebound from 1.6261 extends further in early US session and at this point, intraday bias remains on the upside as long as 1.6400 minor support holds. Break of 1.6603 resistance will indicate that price actions from 1.6692 are merely

EUR/USD's rebound extends further in early US session and at this point, intraday bias remains on the upside with focus on 1.4858 resistance. Break there will indicate that fall from 1.5061 has completed and will bring stronger rally to retest

Dollar weaken sharply across the board today as Gold makes another record high of 1096 and is marching to 1100 level. Crude oil also follows by breaking 80 level too whole stocks rebounds strongly in general. ADP report showed the

Cable’s rebound from 1.6260 turned out to be stronger than expected and gain towards 1.6575/80 cannot be ruled out, however, only break of resistance at 1.6605 to signal the rise from 1.5708 has resumed for a retest of 1.6694. Looking

As dollar’s sharp retreat from 1.0338 signals the rise from 1.0033 has ended there and consolidation with mild downside bias is seen for fall towards 1.0150-56 (61.8% Fibonacci retracement of 1.0033 to 1.0338 and previous support), however, if our view

The single currency staged a strong rebound from 1.4626 and this move signal the decline from 1.5064 has formed a low there and consolidation with upside bias is seen for correction towards 1.4860, however, near term overbought condition should limit

As the greenback has continued to move higher, suggesting gain towards 91.63 is likely, however, as outlook is still consolidative, upside should be limited to 92.00 and further choppy trading below 92.33 resistance would take place, bring another retreat later,

Despite falling to 131.74 yesterday, the stronger-than-expected rebound from there suggests the c leg as well as the wave 2 from 138.49 has possibly ended at 131.01 and as long as 131.74 holds, another rise would take place but break

Although the Australian dollar has rebounded strongly after trading above support at 0.8906, as long as resistance at 0.9123 holds, consolidation with downside bias is seen for another fall but break of said support is needed to signal the decline

The Bank of England will continue to keep its policy rate at 0.5%. However, the focus of the meeting is whether the central bank will extend the asset purchase program which was increased by 25B pound to 175B pound in

As there's only one month to go for the release of a new set of staff projection in December, we will probably not get much new information from the ECB at November's meeting. Policymakers should leave the main refinancing rate

Despite last week's rebound to 0.9240, failure to extend further rise and the selloff from there suggests the entire rise from 0.8400 has possibly ended at 0.9413 (just as we indicated in our previous update that it is still 50/50

Despite Monday's rise to 1.0871, the retreat from there suggests the first leg of upmove from 1.0206 low has formed a top there and consolidation with mild downside bias is seen in the 2nd wave and whilst correction to 1.0539

EUR/GBP's break of 0.8994 minor support indicates that recovery from 0.8911 has completed at 0.9060 already. Intraday bias is flipped back to the downside for retesting 0.8911 first. Break will bring fall resumption to 100% projection of 0.9410 to 0.8996

Despite yesterday's rally to 1.0338, the sharp retreat from there suggests the rise from 1.0033 has formed a top there and consolidation would take place with mild downside bias for fall to the Ichimoku cloud top (now at 1.0203), however,

Although the British pound staged a strong rebound after falling to 1.6260 yesterday, as outlook remains consolidative, upside should be limited to 1.6525/30 and bring another retreat later. Below the Tenkan-Sen (now at 1.6378) would add credence to our bearishness

Outlook of EUR/CHF remains unchanged. Risk remains on the downside with 1.5238 resistance intact and another fall cannot be ruled out. But even in that case, downside should be contained by 1.5007 key support to complete the fall from 1.5364