EUR/USD continued to gain after the Fed announced further easing to the monetary policy. This market should continue to grind higher, but we think that there are going to be very serious headline risks out there for some time.
The USD/CAD pair broke below the support from the long-term consolidation area finally. We now think that with trouble in the Middle East, we could see a spike in oil prices, and this of course means that this pair could easily fall.
The GBP/USD continues to impress, and the pair looks very likely to hit our previous target of 1.63 with relative ease. In fact, there is a real chance of much higher prices now that the Fed has given the go ahead with even more easing.
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