Everything is Dollar related, its a major trading currency, if eur/gbp does some crazy move before FED news you will know its being priced in by speculators , if it runs flat before hand I would expect whipsaw . If the market believes rates will go up, it wont be a shock so there shouldn't be much of a move.I will be listening on FJ.
Data for the US was mixed , one other thing to consider today, how will algos react to the news , I'm sure some will be switched off and some left on through the event , is there enough manual traders to cover , I doubt it.
Would like to see eur/gbp completing its round trip back to the earlier spike down 83410,I went short from 83786 my first trade after the news,I let it play out as long as possible until what looks like a roll over.
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