Our two bits of the day

stocks

Positive opening of the European stocks. British FTSE: +  0.1%; German DAX + 0.8%; French CAC + 0.4%; Italian MIB + 0.1%.

EURUSD stays over  1.2740 after the French consumer index came out in 85 instead of the expected 86.

The pair awaits the FOMC meeting later today and defines a rather lateral market within the range of 1,2740. The commitee will reportedly announce the end of the QE program that started two years ago. No press conference is expected, but everyone will be analizing the language of the Fed speakers for clues on possible changes Watch the impact on the EURUSD but also on the USDJPY, that starts the day slightly below 108.35 after moving up slightly today and later retracement.

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