A sharp decrease in the value of the Euro on Thursday followed a surge that took place a day before, following the Federal Reserve meeting.
The US Dollar tumbled against its New Zealand counterpart after the FOMC's statement. The Kiwi edged up, but was unable to pierce the resistance trend-line.
Federal Reserve's meeting weighed on the Greenback on Wednesday, forcing USD/CAD to move south. The currency pair lost 220 pips, and the trading session ended at 1.2565.
The US Dollar longs were abandoned yesterday, amid the Fed's dovish statement. The pair attempted to breach the resistance trendline at 0.7834, but failed.
On Wednesday, the Euro advanced versus the Yen. The Euro tested the monthly S1 before settling just under the weekly R1 around 130.45.
Following more dovish than expected statement from the US Federal Reserve, Gold increased in price noticeably on Wednesday.
Yesterday, the US Dollar suffered a large loss, not seen for at least a month.
The Sterling failed to meet expectations; it appreciated versus the US Dollar on Wednesday as a result of a dovish rhetoric of the FOMC.
EUR/USD registered its fast surge since the year 2000, as substantial bearish development of US Dollar followed the Federal Reserve's statement on Wednesday.
On Tuesday, the Kiwi tumbled down, destroying the earlier gains. The weekly pivot point was not strong enough to stop NZD/USD from falling. As a result, the New Zealand Dollar ended the trading session at 0.7328.
Even though the pair managed to climb on Tuesday, the gains were not sufficient to cover the preceding day's losses.
On Tuesday, the Australian Dollar erased Monday's gains and moved slightly more to the downside. However, the currency pair did not drop as much as expected, settling around 0.7616.
The Euro advanced against the Yen despite the bearish technical indicators, proving yesterday's forecast correct. Resistance at 128.71 managed to prevent further rally, as the cross closed just under this level at 128.58.
XAU/USD cross remains trading in the vicinity of two major technical levels that are located at 1,160 and 1,145, correspondingly.
The US Dollar remained relatively unchanged against the Japanese Yen.
The Sterling performed almost according to the forecast, as it edged down on Tuesday.
Despite strongly negative expectations, EUR/USD managed to gain value for the second consecutive day on Tuesday.
USD/CAD dropped after worse-than-expected US data on Monday. The US Dollar tested a group of supports around 1.2730, before settling at 1.2770.
On Monday, the Kiwi surged , as well as every major currency paired with the Buck, after the disappointing US fundamentals. The New Zealand Dollar attempted to erase last Friday's losses, but failed.
Yesterday the currency pair benefited from poor US fundamentals. AUD/USD added 18 pips, but resistance near 0.7650 turned out to be a formidable opponent, and the trading day ended with the price stopping at 0.7637.
The Euro started this week with a climb against the Yen. EUR/JPY rose beyond the monthly S3 and even tested the weekly PP at 128.71.
Broadly speaking, the yellow metal has been unchanged for a fifth consecutive day in a row.
Even though the US Dollar edged down against the Japanese Yen yesterday, the losses were insignificant.
The Sterling did not meet the expectations and climbed up instead of falling further on Monday, amid the poor US data.