Open trading account 
This evening at 19:00 GMT the FOMC will decide whether to keep the Tapering program going,
most traders expect the same rate of buying bonds to continue,
although there are a few doubt surrounding the market due to the latest bad data in US
Fundamentally, a continuation of the tapering program will broadly strengthen the USD
and put pressure on emerging markets - currencies
The US will be sticking to its path that it has set out for a stronger economy
If we look at the technical aspect, a continuation of the Tapering program coincides with our outlook
on, for example, the Usd/Jpy:
retracement down to the 102 level has provided a solid base now for another push up
to be able to break the 105 highs, and reach the predicted target - of many traders - of 110 this year
I will be buying Usd/Jpy, and some Yen crosses (who will benefit too from the tapering decision)
and using this base at 102 as support,
it is very likely that there will be anticipation - Usd/Jpy is already above 103 - leading up to the decision,
and in the case of a positive outcome this evening Usd/Jpy may well challenge or even break 105 level today
Gl all
most traders expect the same rate of buying bonds to continue,
although there are a few doubt surrounding the market due to the latest bad data in US
Fundamentally, a continuation of the tapering program will broadly strengthen the USD
and put pressure on emerging markets - currencies
The US will be sticking to its path that it has set out for a stronger economy
If we look at the technical aspect, a continuation of the Tapering program coincides with our outlook
on, for example, the Usd/Jpy:
retracement down to the 102 level has provided a solid base now for another push up
to be able to break the 105 highs, and reach the predicted target - of many traders - of 110 this year
I will be buying Usd/Jpy, and some Yen crosses (who will benefit too from the tapering decision)
and using this base at 102 as support,
it is very likely that there will be anticipation - Usd/Jpy is already above 103 - leading up to the decision,
and in the case of a positive outcome this evening Usd/Jpy may well challenge or even break 105 level today
Gl all
