Yesterday’s taper announcement by the Fed was no doubt a significant change of course in US monetary policy and should in the long run prove positive for the dollar, assuming US growth remains on track. However, but maintaining a resolutely dovish bias towards rates and by stressing their concern over disinflation, the Fed muted the impact of their actions on the FX market and limited the downside in EUR/USD and GBP/USD for the time being.

Moreover, we have seen muted price reaction on USD pairs today despite below par data from U.S. Hopefully Friday will bring some volatility back.

Stops amended on all my trades and guaranteed to bank around 140K profit.
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