The rebound in the U.S. equity markets indicates that stocks are poised to move higher. Although the Fed told us nothing that wasn’t already built into the market, the fact that more liquidity was made available shouldn’t hurt equity prices. Stocks could also benefit from an improving economy especially if Friday’s U.S. employment data comes out better than expected.

Yesterday’s U.S. mid-term elections do not seem to have had too much of an influence on the value of the Dollar as traders have quickly shifted their focus to today’s Federal Reserve monetary policy meeting.

There is no question the Federal Open Market Committee is poised to implement a new quantitative easing program. The questions over the past two weeks have been how, and how much?