As the US trading session is set to open, tension among market participants is heating up ahead of FOMC meeting due at 19:15 GMT. Investors are mostly unanimous with expectations of “no change” to Fed official policy. Rhetoric of Fed chairman will, as always remain on focus. The Chairman is expected to point on continued economic weakness but refrain from suggesting further stimulus as this could have political backlash. Furthermore economic indicators still do not present a sufficient deterioration for additional stimulus. Overall with the effects of the EU summit are evaporating and with no rescue in the making and the growing view that QE is not effective , further risk off trades and Dollar bets could resumes. Read more