Summary: The US Federal Reserve announced a fresh $10 billion in “Taper” of its Quantitative Easing. Why does it matter and what does it mean for markets?
- US Federal Reserve announced a fresh $10B in Taper at its meeting
- Market reactions have thus far been mixed, but S&P 500 has fallen sharply
- Will be critical to watch next moves in Emerging Markets and key Dollar pairs
View the video and article above for a full rundown of the Fed’s actions. Follow any updates on the US Dollar and other currencies via this author’s e-mail distribution list.
Forex Correlations SummaryView forex correlations to the S&P 500, S&P Volatility Index (VIX), Crude Oil Futures prices, US 2-Year Treasury Yields, and Spot Gold prices.
Data source: Bloomberg. Chart source: R SEE GUIDE ON READING THE ABOVE CHART
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com David specializes in automated trading strategies. Find out more about our automated sentiment-based strategies on DailyFX PLUS.
Contact and follow David via Twitter: https://twitter.com/DRodriguezFX
What did the Fed do and Why Does it Matter?
No comments:
Post a Comment