A Look at the Brave New Year
|There is a very common tendency among traders to ignore the long view when our attention is focused on day to day volatility. Currency markets in 2013 produced several notable trends . Emerging markets currencies rose and then fell hard, largely in response to perceptions about Federal Reserve policy. The Japanese Yen and Australian Dollar booked substantial declines as their governments changed monetary policies. Five years after the financial crisis, central banks remain the chief agents in the world economic system and the prime source of trends in the currency markets. The Fed has reduced its securities purchases by $10 billion. Will that reduction continue at each meeting? What will the mean for the dollar? How long can the euro withstand rising U.S. Interest rates? The euro\yen has benefited from the unusual circumstance of a strengthening dollar\yen and a strong euro, how long can that last? What role if any will the rising yuan and China's quickening approach to international status have in the currency markets? Join us at WorldWideMarkets, bring your questions comments and charts and welcome in the New Year in style.
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