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Video / 16 June 2014 at 10:32 GMT

Hardy: The creeping signs of fear in FX markets

John J Hardy
The chief focus in forex this week is Wednesday's FOMC meeting. Saxo Bank's Head of FX Strategy, John Hardy, says there's a slim chance the Fed could up its taper to USD 15 billion per meeting, while keeping its message of low interest rates to the fore. It's also one of those quarterly meetings that sees a revision of economic and policy forecasts, known as the "dot plot". 
Also weighing on investors' minds is the increasing turmoil in Iraq. Oil prices have recently spiked to a nine month high as tensions there, and elsewhere in the world, add to a "creeping fear" in the markets.
Also of note this Monday, GBPUSD took out 1.70 for the first time since August 2009. John says the likelihood of a rate rise in the UK this year has dramatically risen. Other markets remain muted, he says, with JPY remaining steady, weaknesses in emerging market currencies but stronger performances by the likes of the Aussie and Kiwi dollars. 

John Nats John Nats
If someone has a deep pocket full of lot of money then they can easily make more by taking risks. However if someone is beginner and don't have much money to invest and make strategies of his own. But using an expert software can be helpful for them. I am using BCC that helped me from the very beginning of my trading and now I am sound enough to take risk and find out more accurate strategy for myself. For the beginners and intermediates with not much money is a solution I think. I am sure if someone has two eyes open, who can just watch and follow easy instructions they may make easily some $2000 on the very first day. Best of luck and happy trading.


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