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Focus on the FOMC, but more volatility in GBP

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 16, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A largely range bound session in FX, which was anticipated ahead of this evening’s FOMC delivery. Notable is the bid tone in the USD as the market anticipates marginal tempering to the rate dot plot alongside a healthy analysis of the US economy as a whole. The usual suspects came under pressure against the greenback, and having taken out 1.4116 overnight, Cable was again targeted despite the (net) better than expected jobs report. However, the chancellor Osborne’s Budget was under close

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