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18 Dec 2013
Session recap: Majors remain in range ahead of FOMC meeting
FXstreet.com (San Francisco) - Investors traded a choppy day on Tuesday but inside narrow ranges as market are reluctant to take big decisions ahead of the Federal Reserve announcement on monetary policy.
The EUR/USD remained trapped in between 1.3725 and 1.3780; the GBP/USD performed its fourth negative day in the last five sessions; the USD/JPY declined for third day to test 103.50.
Early in the day, the EUR/USD declined to intra-week lows at 1.3720 but the pair managed to recover in the American session to test the 1.3775 area and close the day at 1.3765. Short term charts remains pretty neutral ahead of the FOMC decision.
The GBP/USD declined in Europe from 1.6330 to trade at December lows at 1.6215 but the pair recovered some ground in the American session with the cable closing at 1.6260. The USD/JPY lost the 103.00 area in the American opening bell with the pair trading sideways around 102.50 and 102.70 in the rest of the session.
Main headlines in the American session:
US: Consumer Price Index flat in November, up 1.2% YoY
US: NAHB Housing Market Index increases to 58 in December
US budget passes procedural vote in Senate
BOE's Carney: Return to growth does not mean return to normality
Carney: Recovery has beaten his expectations
Merkel: Won't agree to euro bonds
Wall Street declines small as investors are safe at first on
The EUR/USD remained trapped in between 1.3725 and 1.3780; the GBP/USD performed its fourth negative day in the last five sessions; the USD/JPY declined for third day to test 103.50.
Early in the day, the EUR/USD declined to intra-week lows at 1.3720 but the pair managed to recover in the American session to test the 1.3775 area and close the day at 1.3765. Short term charts remains pretty neutral ahead of the FOMC decision.
The GBP/USD declined in Europe from 1.6330 to trade at December lows at 1.6215 but the pair recovered some ground in the American session with the cable closing at 1.6260. The USD/JPY lost the 103.00 area in the American opening bell with the pair trading sideways around 102.50 and 102.70 in the rest of the session.
Main headlines in the American session:
US: Consumer Price Index flat in November, up 1.2% YoY
US: NAHB Housing Market Index increases to 58 in December
US budget passes procedural vote in Senate
BOE's Carney: Return to growth does not mean return to normality
Carney: Recovery has beaten his expectations
Merkel: Won't agree to euro bonds
Wall Street declines small as investors are safe at first on