Forex Forecast: FX Market Focuses on Fed Taper, ECB Policy
• The timing of the FOMC's eventual Taper will be a top theme this week as much as it was the last
• A Thursday 3Q US GDP and Friday October NFPs creates timing problems for speculative trends
• Other top event risk to keep track of included ECB, BoE and RBA rate decisions
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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 Federal Reserves timetable for its eventual wind down on monetary policy remains one of the top themes for broader market trends. This week, we have key event risk to shape this speculative lightening rod; but late-in-the-week releases will translate into issues for trend development. Other key event risk includes an ECB, BoE and RBA rate decision as the market pines for both external support and higher yield.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.