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Forex Trading Themes for the Week of February 2, 2014

Forex Trading Themes for the Week of February 2, 2014

6 Years ago | February 02, 2014 00:00:00


Yellen Era Begins: Baptism by Fire?

When we started this feature about a year ago, I never thought that the focus of so many of my reports would be on the central banks. Here we go again. A couple of months ago, I figured that once the tapering of Fed asset purchases got under way that interest in the wind-down would fast dissipate. It hasn't yet. At Ben Bernanke's final Fed meeting, the central bank announced another USD 10bln tapering. The tapering now has reached USD20bln of the the original USD85bln in monthly purchases. Thats roughly a 25% decline. The market reaction to the latest tapering announcement truly surprised me, although it made some sense. We saw concern that less Fed support for the bond market

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