Strategists at TD Securities have noted the relevance of next week’s FOMC meeting. Key Quotes “The improvement in financial conditions since the January FOMC meeting will be welcomed by the Fed, but there remains considerable uncertainty as to the impact on the wider economy”. “We therefore expect that statement will note that a further increase in market volatility could lead to downside risks to the outlook”. “While the SEP will generally be upbeat for 2016, the dot plot is expected to show a median expectation for only three hikes in 2016, but a critical mass may shift to only two. The overall tone, though nuanced, is expected to be interpreted as modestly dovish”. For more information, read our latest forex news.