All Things Forex Trading Room: Is a Fed Taper Already in the USD Price?

In the trading room today: Is a Fed Taper Already in the USD Price? Ahead of tomorrow’s FOMC monetary policy decision, we prepare for the possible outcomes of the U.S. central bank’s meeting and ponder if a Fed taper announcement might be already “baked” into the current exchange rate of the USD against other currency majors, we analyze the latest trend developments in the EUR/USD currency pair, we examine the test of an important support level for the GBP/USD pair, we keep an eye on the USD/JPY currency pair, we highlight the market’s reaction to the U.K. CPI, the Euro-zone ZEW Economic Sentiment Index, the U.S. CPI and Current Account, we discuss new forecasts from HSBC and UBS, and prepare for the trading session ahead.

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