This market is ready to twist in shout ahead of tomorrow’s FOMC meeting and anticipation of the extension of the Fed’s easing. Tomorrow may set the tone for some time to come. So far it is indeed déjà vu all over again this week with the EURUSD’s kneejerk positive opening on Monday yielding first to a sharp sell-off and then complete indifference and even a rally. Of course, last week didn’t feature an FOMC meeting, which we have on tap for tomorrow. This will provide the pivot point for whether we’re off to the QE races for another all-hail-easy-Ben rally or if this proves merely an epic squeeze within an overall b ... (full story)