The Fed is “marketing” the round of QE as Reserve Management Purchases (RMP). They claim it’s different from QE because it involves buying short-term bills rather than longer-term bonds.

Indian share markets are trading higher today, with the Sensex trading 435 points higher, and the Nifty is trading 150 points higher.

The Yen struggled to maintain its downward momentum after the Bank of Japan raised its interest rate to its highest level in 30 years.

EUR/USD remains bullish above key trend levels after the ECB decision, with momentum indicators and a bullish flag pattern pointing toward 1.1800.