Yesterday, Fed announcement is still containing the current market sentiment pushing the greenback lower across the broad. The fed has announced yesterday that it is provide greater support to mortgage lending purchasing up to an additional $750 billion of agency mortgage-backed securities to bring the total of its purchases of them to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a totally to $200 b and to improve conditions in private credit markets, the Committee decided too to purchase up to $300 billion of longer-term Treasury securities in the next six months.

The rebound of the equity market is facing resistance currently with a repeated inability of the Dow to break above 7400 which could support the greenback lately across the broad with the US equity market giving back today's gains. This retracement of the equity market has already continued to the third session last Friday on doubts about the ability of it to keep these gains after reaching new lows of this year widely on 9th of this month.

The pessimism can easily come back to the spot containing the current market sentiment pushing the greenback and the gold higher on a safe haven and risk aversion sentiment.

The rebound of the equity market has continued to the third session on doubts about the ability of it to keep the recent gains after reaching new lows of the year widely last week. Dow has reached 6500 last week before closing at 7224 last Friday.

The British pound was negatively impacted by the BOE adopting of the Fed's quantitive easing policy which pressed of the cable to get lower than 1.38 level last week before getting back some of its loses with the improvement of the risk appetite which weighed on the greenback across the broad but the cable could not close above 1.4 psychological level in spite of this spreading market sentiment last week which can put technical pressure it this week.

The doubts about the ability of the stock market to hold its recent correction gains contain the current market sentiment currently supporting the greenback and the gold which suffered from the recent optimism wave of holding assets taking risk back again.

The gold has fallen below 900$ yesterday touching the intermediate support of last month at 889$ before getting back again above it and trading right now above 910$. The gold upside trend is still strong amid the current quantitive easing policies of the Fed which lowered the interest rate to .25%and BOE which lowered the interest rate to .5% indicating its ability and readiness to buy further governmental gilts for affording the government required funds for stimulating the ailing economy in UK.