Fed will start taper in December FOMC ( if u have reason for ur answer plz comment it )

[Sergey Golubev]

More info please - when, where, what, and what for ...

[[Deleted]]

newdigital:
More info please - when, where, what, and what for ...

FOMC meeting is on 18 Dec (Wed).

Ben Bernanke earlier said he will start tapering the asset purchases by this year end and completely wind up by next june.

But also told the decision depends on economic data , more importantly job market. 

[Moses Olawale Ajayi]

need more info

[[Deleted]]

gbemitte:
need more info

FOMC is the monetary policy meeting of USA.

They presently buy 85 billion $ of bonds every month. This is a process called quantitatiive easing.

The main purpose of this scheme is to give funds to companies at near zero interest rate, to help economic recovery in USA.

[Moses Olawale Ajayi]

chandra100:

FOMC is the monetary policy meeting of USA.

They presently buy 85 billion $ of bonds every month. This is a process called quantitatiive easing.

The main purpose of this scheme is to give funds to companies at near zero interest rate, to help economic recovery in USA.

Give the link to read more about it.

[[Deleted]]

http://www.ustream.tv/federalreserve

http://www.federalreserve.gov/monetarypolicy/default.htm

[Gurmeet Budhraja]

All depends on Payroll Numbers tomm, if they are above expectation go ahead and short GBP/USD (for target of 1.55 minimum) and EUR/USD (for target of 1.31 min).

[[Deleted]]

gurmeetb:
All depends on Payroll Numbers tomm, if they are above expectation go ahead and short GBP/USD (for target of 1.55 minimum) and EUR/USD (for target of 1.31 min).

i expect the same. US Index will go high.

[Vorobyov]

gurmeetb:
All depends on Payroll Numbers tomm, if they are above expectation go ahead and short GBP/USD (for target of 1.55 minimum) and EUR/USD (for target of 1.31 min).

Hmmm. Interesting opinion. Why you think that GBP would go down against USD ?? Either US Fed will taper or not, it seems unlikely to affect any weakness for GBP. Please explain why you think that GBP and EUR would go down. Previous QE programs by various governments around the world have seen mixing results on domestic economies. Mostly made things worse or no change overall.

[q.import]

It doesn't matter what they do. 90 Percent of the people here trade on technical indicators and the other 10 percents use fundamentals with indicators. So People are going to trade what the charts say not what the government says they are going to do or not do.