All Eyes On Fed
TFI Markets | Sep 18, 2013 05:46AM ET
Asian markets moved higher ahead of the much-anticipated outcome of a U.S. Federal Reserve policy meeting. Expectations are that the Federal Open Market Committee will be measured with any cuts to its $85 billion in monthly asset buying. FOMC statement, press conference and U.S building permits are the major news for today.
Trade Idea
EURGBP
The trend remains down for the pair. A 4H break and close below 0.8350 targets 0.8295 alternative immediate resistance is seen around 0.8410 and a clear break that level targets 0.8455.
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