Hump day!
Good morning/afternoon/evening ForexLive!
Let's get this hump day, European session started, shall we?
The market narrative is going to drive us toward today's FOMC meeting during the US session, as well as more lead up to the Bank of England tomorrow.
We've got a ton of manufacturing PMIs from Europe and the UK, to report on during the session, but I want to focus the discussion around market positioning in both cable and the dollar index heading into the meetings.
While it's expected that the Fed will hold (but position for further hikes in 2018), the market has all but priced in a BoE hike. This is where I see the most interest from an analyst point of view and opportunity from a trading point of view.
Down the hump we go!
