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

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KoT 009
44108
KoT 009 2013.12.04 15:56 
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Total voters: 48
Sergey Golubev
Moderator
94494
Sergey Golubev 2013.12.04 16:12  
More info please - when, where, what, and what for ...
KoT 009
44108
KoT 009 2013.12.04 16:23  
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
2398
Moses Olawale Ajayi 2013.12.04 20:38  
need more info
KoT 009
44108
KoT 009 2013.12.05 05:16  
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
2398
Moses Olawale Ajayi 2013.12.05 09:57  
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.
KoT 009
44108
KoT 009 2013.12.05 14:08  
Federal Reserve Board: Open Board Meeting
Federal Reserve Board: Open Board Meeting
  • www.ustream.tv
Federal Reserve @ Ustream.TV: Federal Reserve Chairman Ben Bernanke will address educators in Washington, D.C., and nationwide via webcast. The event tak...
Gurmeet Budhraja
568
Gurmeet Budhraja 2013.12.05 16:03  
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).
KoT 009
44108
KoT 009 2013.12.05 16:21  
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
126
Vorobyov 2013.12.05 17:54  
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
206
q.import 2013.12.05 22:30  
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.
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