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FOMC jitters, UK CPI on the docket

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    After starting the week well bid, the greenback has eased overnight against its major counterparts. Nevertheless, would it not be more than reasonable to see a period of consolidation in light the much anticipated FOMC this week? I would think so. Over the last month we’ve seen over 2% come out of the dollar index as investors put some coin on the table and as a consequence the ECB shocked earlier this month. Whatever the case, markets are in a bind – torn between the allure of jumping into

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