The day has finally arrived when the most anticipated event of this year will take place today and tapering talk could possibly will find a pillow to sleep. It has been almost 8 months, that we are almost consistently talking about the Fed and their decision to wind up their ultra loose monetary policy. There is certainly no one to blame for this, because after all it was the Fed who fed this idea to the markets, and the investors are trying to get themselves positioned accordingly.Read More
US Futures and European markets lost mojo after their best day yesterday ahead of economic data US CPI data
The strong bounce in the equity market which we experienced during the European and US trading session is fading away this morning, as we are heading closer to the FOMC meeting. The gains which we experienced yesterday, were also the result of bargain hunting, and as a result, the European markets posted their best one…Read More
Asian markets closed sharply lower on the first trading day of the week . The markets came under pressure today after the disappointing Chinese PMI data but if we look more closely towards this number, we will see that the output has actually improved which suggest that sentiment is improving . But, for now, on the release of this Chinese economic number, traders are finding any excuse to lock some of their profits, given the Stella Rally we have seen so far this year. The Japanese Taken survey, which measures the manufacturing activity in the country, matched the expectations. However, the main theme for trading for this week, is without any doubt is the FOMC meeting this week. There is a possibility that the Fed may trigger some sort of tapering this week and this could certainly trigger further sell off for the equity market.
Asian markets closed mixed on the final trading of the week by recovering some of their losses which were made yesterday. The Fed meeting which is taking place next week was the main focus among traders who are trying to gauge if the Fed will initiate to taper their ultra loose monetary policy. The economic data released so far since their last meeting has completely placed all odds in the Fed’s corner to trigger the tapering button. The dollar has surged on the back of this news during this month against the yen. This weakness in the yen has helped the exporters to compete against their competition abroad.
Tapering talk is once again weighing on the markets and this has translated a worse sell off for the S&P 500 since November. Speculation is something which has always affected the markets, and so far every major news and event has fuelled this tapering speculation ,which is why we can clearly see that how the…Read More
The dilemma that many investors are facing and possibly will continue to face till next Friday, is to Taper or no Taper. It seems like that traders are not paying attention to the old core fundamental values, which used to drive the markets, and the taper flare is heating up more amid investors. But, the…Read More