FOMC, Scottish vote influence the EUR trading, CHF relaxed 15/9/2014
We are heading into an event-full week across the globe. The Scottish independence referendum (Sep 18th) and New Zealand national elections (Sep 20th) will be the key political events that keep GBP and NZD complex under pressure. Elsewhere, the focus is already on the FOMC verdict due on September 17th. The unwind in carry strategies on hawkish Fed expectations keep the EUR-complex well bid, while the EUR/CHF approaches the 50-dma before the SNB meeting (Sep 18th). Despite the dovish ECB worries, the SNB is widely expected to maintain status quo as the market tensions remain under control.