Forex Forecast: With Taper Delayed, Risk Trends Key Concern
• The Fed surprised many market participants last week by deferring the Taper
• News of the QE3 hold led to a modest, one-day S&P 500 rally; while the USDollar dropped faster
• In the near term, the focus shifts from stimulus timing to traditional risk trends
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Chief Strategist John Kicklighter discusses the top Forex fundamental themes for the coming week of trading. These sessions are held live every Monday at 16:30 GMT. The top event risk this past week - the FOMC rate decision - didn't generate the follow through many would have expected with the surprise outcome. Markets may be discounting this 'positive' outcome to refocus on traditional risk trends moving forward.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.