Forex Strategy Video: Gauging Taper Speculation and the Dollar
• Speculation of the Fed's Taper has shifted from September, to March 2014 back to December of this year
• Encouraging data and cautiously optimistic Fed rhetoric is keeping rate watchers interested
• It will be difficult to generate a Taper Speculation-led trend with December seasonality setting in
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From trading circles, financial media and even primary dealers; we are seeing a pick up in speculation surrounding the probability of a December Taper. Yet, a near-term step back from stimulus by the Fed hasn't pulled the S&P 500 from record highs nor cleared the USDollar from its 70-point range. Is the full sense of complacency so common in December enough to over ride a critical turning point in global monetary policy - a key support for general risk trends? We discuss this important trend driver (and curb) in today Forex Strategy Video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.