Dollar and S&P 500 Breaks Must Abide the FOMC Decision This Week
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S&P 500, VIX, Dollar, USDCAD and GBPUSD Talking Points:
• A late break from the Dollar via EURUSD and USDCAD has drawn attention but follow through ahead of the Fed is a tall order
• Top event risk in the week ahead is Wednesday’s FOMC rate decision where the markets await rate forecasts and possibly a timeline for the taper
• While both the Dollar and risk trends are tuned into US monetary policy, restricted market conditions present an overwhelming restraint to overcome
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