19.03.2015

USD came under massive pressure after the Fed dropped the word "patient" from its wording, clearing the way for a rate hike in their June meeting. At the same time however, they lowered their forecast on inflation and economic growth. Eurusd high  1.1062, USDCHF low 0.9630, now back to current levels of 1.0715 and 0.9942

SNB decision today at 8.30GMT, no rate cut expected. Although SNB will point out that they are prepared to take measures if needed.

ECB Targeted LTRO at 10.15GMT.  US Initial Jobless Claims at 12.30GMT

EURUSD 1.0715   EURJPY  129.15  USDJPY 120.68  GBPUSD 1.4860   GBPJPY  179.20 OIL  45.83  GOLD 1170.50