Still bullish in my Own opinion, But i am aspecting a spike downBritish Pound / U.S. DollarFOREXCOM:GBPUSDpersonaldetails_ubThe U.S. dollar traded largely flat Tuesday ahead of the start of the last Federal Reserve meeting this year, while the Aussie dollar gained on hawkish shift from the Reserve Bank of Australia. while the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally lower to 99.042. A "hawkish" Fed cut? The Federal Reserve starts its latest two-day policy meeting later in the session, and is widely expected to confirm a rate cut of 25 basis points at the conclusion on Wednesday. Fed funds futures are pricing in just short of a 90% chance of a Fed cut, according to CME’s FedWatch tool. However, there still remains a great deal of uncertainty over what the policymakers will signal in terms of monetary easing in the new year, particularly given the likelihood that there will be the announcement shortly of a new person to head the U.S. central bank. “There are now high expectations of a ’hawkish cut’ at Wednesday evening’s FOMC decision,” said analysts at ING, in a note. “With market pricing of further Fed easing still vulnerable, we suspect the dollar’s downside is limited into the Fed meeting.” The most significant economic data release due later in the session will be the JOLTS job openings data, but this is unlikely to have much of an impact on today’s Fed discussions given the data is for October.