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Forex: How the FOMC Taper Will Effect the Dollar, S&P 500 and Yen

Forex: How the FOMC Taper Will Effect the Dollar, S&P 500 and Yen

John Kicklighter, Chief Strategist

Talking Points:

• The Fed is expected to reduce its QE3 program by $5-$10 billion in the long-awaited 'Taper'

• Market participants will ask: did they Taper, how much did they Taper and what comes next?

• Trading this event however depends on how the Fed's move impacts risk trends

Sign up for John’s email distribution list, here.

The S&P 500 is stationed just off a record high and the US dollar has tumbled over the past two weeks. The stage is set for the Federal Reserve's decision on monetary policy. Having set the market's expectations after the June policy meeting, this is the gathering that is expected to produce the long-anticipated and much-feared Taper. Yet, there has been plenty of warning for the market that this shift away from dependency on cheap funds was coming. That significantly alters the way that a reduction in the $85 billion per month stimulus program will impact US equities, the dollar, Treasuries and other sensitive assets. In today's video, we discuss how to navigate the key event risk and what trade opportunities exist under different possible outcomes.

Join John as he covers the Fed Rate Decision Live in DailyFX-Plus!

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.