FXStreet (Delhi) – Kit Juckes, Research Analyst at Societe Generale, suggests that today the global markets will spend the day watching oil prices, watching equities, watching Bund yields and waiting for the FOMC. Key Quotes “A policy move is really, really unlikely and I wouldn't hold out much hope of a shift in the policy statement to encourage pricing of a December hike (by, say, removing the reference to international developments in then assessments of risks).” “Can Fed dovishness calm global markets and stop the dollar's advance? I'm not sure. Oil price are one worry, and the precipitous fall in Bund yields another: 0.44% this morning. The Fed will have its work cut out tom prevent a slip in EUR/USD under 1.10 (towards 1.08) and that, in turn, will make the DXY chart look scary to technical analysts.” For more information, read our latest forex news.