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Forex Trading Themes for the Week of November 24, 2013

Forex Trading Themes for the Week of November 24, 2013

6 Years ago | November 24, 2013 00:00:00

To taper or not to taper?

We find it hard to believe that the timing of a Fed tapering continues to be up in the air. Even St Louis Fed President Bullard, who seems to have a lot to say, appears to be confused. On Wednesday of the week just passed, he indicated that a Fed tapering was possible in December if the November Jobs were strong. Then on Thursday he seemed to indicate that a tapering is not imminent. I wish I had a dollar for every time I heard a Fed official over the years say that policy is not made by a single statistic, but here we stand in late November waiting for a single volatile number, which typically is subject to major revisions, as the determinant of a major Fed policy decision.

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