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Flash: FOMC to announce taper at the end of Q3 - Nomura

FXstreet.com (Barcelona) - With the wild swing in speculation of QE tapering, first translated in broad-based USD gains through May, only to be reverted along June, Nomura economists think the FOMC will not announce a change it its asset purchases today.

Nomura thinks that Bernanke will announce such a move at the conclusion of today's meeting: "We think the most likely outcome is that the FOMC will announce a reduction in the pace of its asset purchases at end of the third quarter."

Flash: EUR/USD running out of steam, decline below 1.3325 key - ANZ

The broader profile of range defining should return in EUR/USD, says Tim Riddell, Head of Global Markets Research at ANZ, suggesting that the impressive leg off 1.2795 lows is running out of steam.
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EUR/USD technical set up favors further upside ahead of FOMC

The EUR/USD continued to add to its gains, climbing another 26 pips to close at 1.3391. Volatility is likely to increase as we progress throughout the day, with the FOMC Economic Projections due out at 18:00GMT, followed by the Fed Policy Statement and press conference at 18:30GMT.
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