The Fed tapered bond buys for the fourth time by $10 billion to $45 billion per month, as widely expected. This is the second decision by Fed Chair Janet Yellen. This time, it is not accompanied by a press conference nor by economic forecasts. The dollar was on the back foot towards the release, with EUR/USD climbing back to the high end of the range, GBP/USD at fresh multi-year highs and USD/JPY at the bottom end of the range. Market reactions are muted, to say the least. You can watch live coverage of the Fed decision and market reactions right here: Live streaming video by Ustream The Fed began tapering its QE program in December, by reducing the bond buys from $85 billion to $75 billion. The move was preceded by long months of market preparations. Since then, it has followed through with a taper of $10 billion at every meeting. In her first FOMC decision, Yellen also dropped the forward guidance regarding leaving the rates low at least until the unemployment rate falls below 6.5%, as the unemployment rate got close to this level. In the press conference, she did say that the Fed could raise rates 6 months after the end of QE. This caught markets by surprise, as the they had expected a rate hike in late 2015 rather than in Q2 2015. Later, the FOMC minutes changed the perception, with a generally dovish tone. Recent US economic figures out of the US showed a clear distinction between a poor first quarter, in which the US suffered bad weather, and an upbeat spring. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Forex News Today: Daily Trading News share Read Next How to trade Non-Farm Payrolls Guest 8 years The Fed tapered bond buys for the fourth time by $10 billion to $45 billion per month, as widely expected. This is the second decision by Fed Chair Janet Yellen. This time, it is not accompanied by a press conference nor by economic forecasts. The dollar was on the back foot towards the release, with EUR/USD climbing back to the high end of the range, GBP/USD at fresh multi-year highs and USD/JPY at the bottom end of the range. Market reactions are muted, to say the least. You can watch live coverage of the Fed decision and market reactions right… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.