FOMC meeting later on today and market is in a holding pattern in anticipation of likely rate hikes. Price action has been very narrow and tight, typically indicative of a impending sharp move out of the range.
Technicals support upside for the US Dollar, although seasonally the asset typically sells off March through June. Keep in mind that the trend is still...
As expected BOE stood pat on their rate decision reiterating much of which was said last week by Gov M. Carney, the need for more analysis to be done is/ was key - " "Detailed Analysis" of All Policy Options Required" and "Extent Of Additional Stimulus Will Depend on August Forecasts".
IMO the notes were very bearish and almost but 100% chance of some sort of...
