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FOMC: sideways trading until meeting - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 21, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB Group noted the FOMC meeting that is approaching and are bearish on the greenback.

    Key Quotes:

    "As we approach the FOMC meeting next week, we continue to expect no policy action from Fed this month, with the rate hike likely to come in the Dec meeting instead.

    With limited policy-critical economic data and the Fedspeak blackout which started today, we are likely to see sideways trading for USD, both in G10 and Asia EM leading up to the meeting."
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