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Market Quiet Before FOMC Statement

Relative quite in the market today, before the FOMC statement and the FED funds rate announcements scheduled for later today. The EUR/USD is in need of a correction, but technicals are mixed with an almost incomprehensible--based on sustained high levels--LONG bias.
Nevertheless, it is not clear whether the market awaits the FED news to move clearly in a direction or the final result of the French elections at the end of the week. As far as trading goes it might be tempting to enter a trade tomo…
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Loonie breaks 1.38

After months of preparations and signaling, FOMC finally decided to hike federal funds rate. The rate was at the record low of 0 - 0.25% for the past seven years (since December 2008). Last time that the rate was hiked was nearly ten years ago (in June 2006). New band for the rate is 0.25% - 0.50%.
A couple of hours before the decision, much weaker than expected crude oil inventories report sent the Loonie to new eleven-year high (~1.3850), above the June 2004 high (~1.3820). The decision led to…
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