September 17 2013

In the trading room today: Is Tapering Tightening and what does it Mean for the USD? As the two-day Federal Open Markets Committee meeting gets underway, we explain why the Fed’s tapering will be the first step towards monetary policy tightening and explore its implications for the future trend direction of the USD against other currency majors, we analyze the move close to an important resistance area in the EUR/USD currency pair, we keep an eye on the rally of the GBP vs USD, we note the pullback in the USD/JPY pair, we highlight the market’s reaction to the German ZEW Economic Sentiment Index and the U.K. CPI, we discuss new forecasts from Deutsche Bank, BlackRock and Bank of America, and prepare for the trading session ahead.


USA