Wednesday, October 30, 2013

FOMC Reaction - EUR/USD Confirms a Rounded Top, GBP/USD Developing a Double Top

Today's key risk event was the FOMC statement. It was as expected, that the Fed will delay tapering, not because of a change in forward guidance, but the fact that the economy has slowed it's recovery in recent months (the government shutdown didn't help neither). The USD strengthened after the



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