TRADING TIPS :
- Forex-Russian rouble sinks to new all-time lows vs. dollar, euro.
- Forex-AUD/USD higher with Fed meeting in focus.
- Forex- Dollar gains against yen in early Asia as all eyes on Fed meet.
USD/JPY traded at 108.11, down 0.05%, .The dollar gained against the yen early Wednesday in Asia with the Australian dollar flat and all eyes on the upcoming Federal Reserve monetary policy announcement.The Fed is widely seen closing its bond-buying program, though uncertainty as to whether or not the statement will contain dovish or hawkish language surrounding interest rates prompted investors to avoid the greenback ahead of time.Up ahead, Japan’s September preliminary industrial output data is due at at 0850 Tokyo The forecast is for a 2.2% gain on month, which would be the first rise in two months.
EUR/USD edged up 0.08% to 1.2744, holding below Tuesday’s one week highs of 1.2764.The dollar held steady against the euro and the yen on Wednesday as investors looked ahead to the conclusion of the Federal Reserve’s two day policy meeting later in the day.The Fed was widely expected to announce the conclusion of its asset purchasing stimulus program, known as quantitative easing after its monthly meeting. the U.S. central bank was also expected to reassure markets that interest rates will remain on hold for some time to come amid concerns that slowing growth in Europe and China could act as a drag on the U.S. economy.
1. Buy GBP/USD Above 1.6153-TG:1.6173/1.6203 SL 1.6123
2. Sell GBP/USD Below 1.6115-TG:1.6095/1.6065 SL 1.6145