FX in ranges ahead of the FOMC - FXStreet

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 14, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Valeria Bednarik, chief analyst at FXStreet explained that the main event this week is the FOMC and we are range bound ahead of the event.

    Key Quotes:

    "All eyes are now on the US Federal Reserve economic policy meeting next Wednesday."

    "The FOMC seems more concern over the global developments than by the local woes."

    "There is a considerable uncertainty on whether the Central Bank may remain on hold, or open doors for a rate hike in June, which means majors will likely remain range bound ahead of the release."
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