Daily thread to exchange ideas and to share your thoughts

Good day, everyone! Hope you're all doing well as we get things going here on the session. It's been a quiet one to start the European morning with little movement across major currencies as markets are paralysed awaiting for the FOMC meeting later today.

WCRS 19-09

Dollar pairs are mostly holding within 0.1% changes and that pretty much tells you how flat markets are in anticipation of the Fed. I won't expect much to change until we hear from the US central bank so be prepared for a bit more of a lull in European trading today.

As for the Fed itself, this will be one of the more unpredictable meetings with the breakdown in US-China trade talks a few weeks back having helped to lay the groundwork for a more cautious/dovish tone. However, after yesterday's development, will they wait and see for what happens after the G20? Or will Powell & co. eventually bow down to Trump's persistent pressure? The release timing of this report certainly raises a few eyebrows, no?

What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.