You are here:

Forex Trading Themes for the Week of December 22, 2013

Forex Trading Themes for the Week of December 22, 2013

6 Years ago | December 21, 2013 00:00:00



Bernanke going out with a bang


We were convinced the Fed would not "taper" before the new year, but they surprised us once again. In fairness, we were not surprised by the taper itself. No one was. The only debate had been about its timing. The Fed announced a USD10bln reduction in its monthly asset purchases to USD75bln a month. The consensus opinion in and out of the Fed was that the utility of the program has run its course. Put it to bed. Importantly, the markets took the Taper decision as indication that the U.S. economy has improved to the point where it is in a self-sustained recovery. We will see if Ben Bernanke is leaving Janet Yellen with a time ready to go off.

Please login to read full story. Register if not a member.

Archives 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013
The message from the founder

Click Here

Review our featured articles

Click Here

The Latest Articles
  • Coping With Mixed Market Signals More ..
  • Growing Attention On The Slowing Global Economy More ..
  • ECB extends its Easy Money policy Until Mid-2020. U.S. Jobs data Weak. More ..
  • “Transitory” Replaces “Patience” The New Fed Keyword More ..
  • PMIs Can Be A key To Your Trading More ..