14 Mar 2016
FX in ranges ahead of the FOMC - FXStreet
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."
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."