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Waiting on the FOMC
FX Trading throughout the Asian session was choppy and basically directionless – which is to be expected ahead of such a critical event. We suspect that major levels will remain untested as traders will decide to err on the side of caution and stay sidelined until the final news comes out. The general consensus spreading across the market today is that the FOMC will announce around $500-600 bn... ...More...
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