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Forex Trading Themes for the Week of December 8, 2013

Forex Trading Themes for the Week of December 8, 2013

6 Years ago | December 07, 2013 00:00:00


Solid November U.S. Jobs Data

We mentioned last week that it is looking like the global economy has been recovering. Friday saw a solid November jobs report from the U.S. I still feel the Fed will want to see more data before it starts to "taper" its Asset Purchase program. This is one of the final major pieces of data that will be released before the December 18 FOMC. As for the Fed taper decision, we do not feel the Fed will be making a major policy move before January 30, just two days before Bernanke retires. March 20 would be the first meeting with Janet Yellen at the helm. Also, the March meeting is the next time a press conference scheduled. That date would make a lot of sense to us.

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