Awaiting a storm in the FOMC outcome - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted the quiet shift but suggested things could heat up as we progress.

Key Quotes:

"Today is likely the calm before the market storm, although it may not be that calm. It’s only news-flow (like Alex’s coffee shock) here in the Asia session, followed by some BoE talk from Carney and Forbes. Then we have housing data from the US (S&P/CS prices) ahead of the US Markit services and composite PMIs.

Of course, the Fed begins its two-day meeting with the outcome tomorrow (i.e., early Thursday for Asia). Those impending words will be critical to all of us."