Dollar moves a little after the FOMC meeting minutes

The USD moved a little lower after the FOMC meeting minutes, but are giving up some of those declines.

• USDJPY. The USDJPY is backed off from a test of its 100 hour moving average near 127.51. The current price is trading at 127.35 and traded as low as 127.22. Stay below the 100 hour moving average at 127.51 keeps the sellers happy. Recall from yesterday, the 100 hour moving average also stalled the rally (admittedly at a higher level).
• EURUSD: The EURUSD has seen down and up price action. The high price moved to 1.0689. That took out the New York session high of 1.06865 but only by a few pips. The current price trades between the 100 bar moving average on the 5 minutes chart at 1.0664 and the 200 bar moving average on the same chart at 1.06799. The current price is trading at 1.0674. Traders are still looking for a shove in either direction.
• GBPUSD:The GBPUSD moved to a new session high at 1.2578. The move took the price above the high price for the day at 1.2559, but the price has since moved back down to 1.2557 just below that old high. Earlier today the price traded below its 100 hour moving average and close below for the 1st time since May 16, but rotated back to the upside in the US morning session and stayed above that MA level (There was a test in the last hourly bar but buyers leaned against the MA line – see chart below)

• NZDUSD: The NZDUSD is trading back in positive territory (above 0.6458) after dipping lower in the New York session and retesting its rising 100 hour moving average (currently at 0.64358). The low price for the day reached 0.6436. The price made a new US session high at 0.6477 after the FOMC minutes. The current price trades at 0.6471. As long as the price can remain above its 100 hour moving average the buyers are holding onto upside potential. Closer support will be eyed at the closing level from yesterday at 0.6458.

The US stocks are moving higher.

• Dow industrial average is up 98.77 points or 0.31% at 32028.79
• S&P is up 29.39 points or 0.75% at 3970.77
•  NASDAQ 
  NASDAQ
  
  The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading.What Makes Up the NASDAQ?In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, this is one of the three most-followed stock market indices in the United States.Overall, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies that have relatively small levels of market capitalization. The listing requirements for small cap companies are less stringent than for other Nasdaq markets that list larger companies with significantly higher market capitalization.Additionally, the Global Market is made up of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet the exchange’s financial and liquidity requirements, and corporate governance standards.Finally, the Global Select Market is a market capitalization-weighted index made up of 1,200 US-based and international stocks that represent the Global Select Market Composite.
  
  The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had been executed by the over-the-counter (OTC) system of trading.What Makes Up the NASDAQ?In particular, the exchange also features the NASDAQ Composite, which includes almost all stocks listed on the NASDAQ stock market. Along with the Dow Jones Industrial Average (DIJA) and S&P 500 Index, this is one of the three most-followed stock market indices in the United States.Overall, the NASDAQ stock market has three different market tiers. This includes the Capital Market, or an equity market for companies that have relatively small levels of market capitalization. The listing requirements for small cap companies are less stringent than for other Nasdaq markets that list larger companies with significantly higher market capitalization.Additionally, the Global Market is made up of stocks that represent the Nasdaq Global Market. The Global Market consists of 1,450 stocks that meet the exchange’s financial and liquidity requirements, and corporate governance standards.Finally, the Global Select Market is a market capitalization-weighted index made up of 1,200 US-based and international stocks that represent the Global Select Market Composite.
  Read this Term is currently up 148 points or 1.31% at 11412. The high price reached 1422.90