The 24/25 February Italian election and the risks of a more fractured government should also induce some caution. Additionally, “The USD may draw some strength from the FOMC minutes as well – they are likely to repeat that a few members favor slowing or stopping asset purchases by mid-2013 (we suspect asset purchases will ultimately continue well into 2013H2 as the jobs market fails to deliver but that won’t be clear for some months yet).” Callow adds.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.