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Ahead of the U.S. market open and the FOMC Minutes from the last rate meeting due for release at 14:00 EDT the pre-market volume and price action is light. The long side of the Gbp/Usd Trade Plan triggered after the Bank of England Minutes from the last meeting were posted. TeamLFB members said. Outside of that every major pair is sitting very close to its neutral pivot point line; an idication of indecision in the forex market today.
Global equity markets have moved higher, but as yet that has failed to weaken the dollar. S&P Futures are close to the high of Tuesday's Wall Street trade, while oil holds $60. All-in-all a negative Usd day that as yet has failed to follow through.
We saw in the Asian session overnight that dollar buyers are few and far between at the moment. the Trade Team members said.