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Market balanced to a dovish FOMC - TDS

FXStreet (Guatemala) - Analysts at TD Securities explained that this FOMC meeting should mark the end of the QE3 program.

Key Quotes:

“However, with domestic economic growth momentum beginning to leak lower, and the medium term outlook for the recovery and inflation becoming less certain, we expect the statement to be tweaked sufficiently to reflect a more dovish bias towards the near term monetary policy stance”.

“The risk, however, is that the statement fails to live up to the overly dovish tone that the market may be expecting”.

EUR/JPY testing space near key resistance 138.00

EUR/JPY is trading at 137.77, up 0.03% on the day, having posted a daily high at 137.82 and low at 137.65.
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GBP/USD may be shaping up for a squeeze - TDS

According to Shaun Osborne, Chief FX Strategist at TDS, GBP/USD technical patterns look positive for a potential squeeze higher near term.
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