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Forex: Markets Consolidate ahead of FOMC

Posted by Akhilesh Ganti on Dec 17, 2013 10:42:00 PM

New Zealand's 3Q Current Account deficit widened to NZD$4.78 billion which was larger than the NZD$4.45 billion that was expected as seasonal weakness in exports coupled with an increase in imports led to the widest deficit since 3Q of 2008. Japan’s Trade Balance came out at YEN -1.35 trillion which was a larger decrease than the YEN -1.19 trillion forecast. Traders will now wait and position themselves for the week's main event as the FOMC is slated to announce the results of their monetary policy meeting a bit later on today.

Ranges:{WWM's New ALPHA Trader-DAILY charts[EUR,GBP,AUD,YEN,GOLD,OIL,WallStreet]}(click to enlarge)
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