KrunchieKilleen

EUR/USD & the Indexes spike on Yellen's speech of 18 Mar 2015

FX:EURUSD   Euro Fx/U.S. Dollar
78 0 0
The chart shows the EUR/USD             (blue line) overlaid with SPXL             (Direxion 3X leveraged ETF marking the S&P             Index). It depicts yesterday's spike in the indexes and the EUR/USD             in response to Janet Yellen's announcement that there will be no rise in the FED interest rate this month or next. The EURO             has come down off its spike this morning, and share prices will follow suit in the afternoon when the American markets open, while both maintain their upward trend.
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