FXstreet.com (Barcelona) - The FOMC couldn’t have been more bland, says Westpac Strategist Sean Callow. After an unchanged statement, with indicates QE3 continues with mid 2015 rates guidance reiterated, the statement was "virtually identical to that from September 13" says Sean. The only slight changes, Sean notes, were: "Household spending has 'advanced a bit more quickly' from'continued to advance'; and inflation 'recently picked up somewhat, reflecting higher energy prices' from 'has been subdued, although the prices of some key commodities have increased recently'. Apart from a few tense and related syntax changes, that was it."
EUR/USD May 23 at 22:19 GMT
1.2851/53 (-0.05%)
H1.2863 L 1.2851
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
