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EUR/USD bulls have slight edge as market awaits FOMC

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The FX markets are fairly quiet this morning as traders await direction from the US Federal Reserve and later on the Reserve Bank of New Zealand. Neither central bank is expected to make any changes, though there is a chance the RBNZ will surprise with a cut in interest rates due to the continued falls in key commodity prices. As my colleague Matt Weller has pointed out, it is the language of the policy statement that will be of most interest for Fed watchers. The market is fully expecting the

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