David Song of DailyFX discusses the Fed, China’s landing, Spain’s edge over Italy, Britain’s safe haven status and one currency which still has a potential, even after making big gains, in the interview below.

Christopher Vecchio of DailyFX analyzes the current situation of the euro, the bright side for the pound in the aftermath of the EU Summit, the low likelihood of more US QE, how the Canadian dollar will react to rising tensions around Iran, and more in the interview below.

Any action by the Fed will indicate a very worrying situation among banks, probably on the other side of the Atlantic, but the chances are small. The only hope for action comes from the fact that policy changes were made when there was no accompanying press conference, as it is now. FOMC Preview.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

Mario Draghi will likely want to build credibility and skip a rate cut. And what about the credibility of the Japanese authorities with the recent intervention? Rodriguez provides answers to these questions and more in the interview below.

But what happens if the FOMC doesn’t deliver? We might see a “buy the rumor sell the fact” movement.

The statement published on Wednesday, 18:15 GMT will be closely watched and will likely move the markets for quite some time. Here are 7 scenarios for this important event, and the expected impact on the dollar.

Vecchio also discusses the situation in the euro zone and lays out an option of a split with the monetary union, a split that may push the new currency union higher. This and more about the yen, franc and the pound, in the interview below:

With investors still minded to protect capital and avoid risk, the allure of ‘safe’ government bonds strengthened still further yesterday. In Switzerland, the 10yr yield fell to just 0.83%, a 17yr low; the 10yr gilt yield continued to plunge, down another 19bp at one stage to a multi-decade low of just 2.24%; the Swedish 10yr yield fell to just 1.90%, the Canadian 10yr yield fell to a record low of 2.26%, and the 10yr Treasury yield traded below 2.00% at one point. These days, investors seem to believe that government bonds offer the best protection for capital in these uncertain times, despite the fact that they pay virtually no interest and that most sovereigns are lumbered with massive debt burdens. In some instances, investors are actually paying for the privilege of lodging money with the government or major banks (that is, interest rates are negative). Should negative interest rates become a more common experience, it will be interesting to observe how investors will then perceive the trade-off between risk and reward with regard to asset classes like equities and property.