THE TAKEAWAY: USD strengthens ahead of FOMC meeting > US Consumer Price Index (MAY)(YoY) +1.4% as expected, from +1.1% > UK Consumer Price Index (MAY) (YoY) +2.7% versus +2.6% expected, from +2.4%. The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) gains Read More →

Index Last High Low Daily Change (%) Daily Range (% of ATR) DJ-FXCM Dollar Index 10511.53 10515.85 10485.74 0.22 36.98% Chart - Created Using FXCM Marketscope 2.0 Despite the mixed batch of data coming out of the world’s largest economy, the Dow Jones-FXCM U.S. Dollar Index (Ticker: USDollar) is trading 0.22 percent higher Read More →

EUROPEAN SESSION UPDATE: The German Zew survey rose more than expected despite Bundesbank expectations for a summer economic slowdown; Yen declines along with Nikkei… The German Zew Survey of analysts’ and investors’ expectations rose to a three month high of 38.5 Read More →

EUROPEAN FX HEADLINES: WEEK OF JUNE 16 - Euro and US Dollar Traders on Edge Ahead of Critical FOMC Decision - British Pound Eyes Fresh Highs on Faster Inflation, BoE Minutes - All Eyes on Fed Meeting on Wednesday; No Taper but Hawkish Read More →

The Euro and the British Pound may score near-term gains on the back of economic data but investors are more concerned with US CPI and its implications for Fed policy. Talking Points British Pound May Rise as UK CPI Rise Dents BOE Read More →

Trading the News: U.K. Consumer Price Index What’s Expected: Time of release: 06/18/20138:30 GMT, 4:30 EDT Primary Pair Impact: GBPUSD Expected: 2.6% Previous: 2.4% DailyFX Forecast: 2.5% to 2.7% Why Is This Event Important: U.K. Consumer Prices are projected to increase an annualized 2.6% in May and a Read More →