Gold prices ended higher on Wednesday as the dollar came under pressure after the Federal Reserve indicated that the forward path in interest rates is going to be slower than market expectations.
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The EUR/USD pair initially fell during the day on Wednesday, but as you can see turned back around somewhere near the 1.12 level.
The GBP/USD pair broke out during the Wednesday session, clearing the 1.58 level in reaction to statements coming out of the FOMC meeting.
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Check out the EUR/USD Forex signal for June 17 2015 here
The EUR/USD pair went back and forth in a volatile session on Wednesday, as the market continues to focus on the tight consolidation area that we have been in for roughly 2 weeks.
I recognize that the NZD/USD pair hasn’t really done much over the course of the last several sessions. However, we are below the 0.70 level, and the market looks fairly comfortable being down here.