The Federal Reserve will begin trimming its monthly asset purchases in March but some economists are warming up to the idea that it will do so as early as this month or at the January policy meeting, a Reuters poll showed this Monday. Another month of strong U.S. hiring and an unexpected drop in the jobless rate reported on Friday prompted several economists to bring forward their expectations for when the Fed will begin paring back its $85 billion of monthly bond buying. Nearly half, 29 of 63 economists, think the taper will happen in...
The rise of stock markets may continue for some time but in the long term such a move of the Fed will provide a long-term decline of the U.S. dollar and the gradual weakening of the risk currencies rally on both developed and emerging markets. Stocks around the world dramatically rise in price, U.S. government bonds went to takeoff, the prices of oil and gold on Thursday are rising steadily thanks to decisions of the Federal Reserve System to not reduce the purchase of assets following the meeting on September 17-18. U.S. stocks on...
Before you can start trading you need to pick an excellent forex broker and make your very first deposit into your account. As you will see there are different forex trading account types offered by your broker and there is a good reason for that. It allows traders with different trading capital to be able to open an account and execute their trading strategy with proper risk management.A deposit in the wrong type of account can often lead to a complete loss as the trader will not be able to execute their trading strategy properly due to the...
Every first Friday of every month the Bureau of Labor Statistics or BLS releases the monthly non-farm payroll report in the US. Many traders view this economic report as the most important economic report of the month. Fundamental traders often adjust their forex positions based one this economic report as it could influence trading for several sessions. Since the US Federal Reserve has started to print money in order, as they claim, to support the US economy the non-farm payroll or NFP report has took on an even greater role. Prior to...
It is the time of the month again and the financial world eagerly awaits Friday’s employment report out of the U.S. Last month was a disaster and heavy disappointment to market participants (U.S. (Un)Employment Report Rattles Currency Markets). It clearly showed that the U.S. is not expanding at the pace equity market performance would have you believe. A look at equity markets suggests that there are no problems to worry about in, not on a U.S. level and not on a global level. According to equity traders, the sky is the limit and the...
