Federal Reserve Chairman Ben Bernanke told the House of Financial Services Committe that he thinks “markets are beginning to understand our message”.
It isn’t a surprise that markets have been volatile since late May when the term “Tapering” took over the media.
Though tapering is on the way (slowing down of Fed stimulus efforts), Bernanke clearly stated that short-term interest rates will stay near zero “for the foreseeable future.”
Currently the Fed is spending $85 Billion/ month in their stimulus measures, that could change later this year, especially if unemployment rates somehow get to 7%.
For news updates and more fundamental analysis, follow me on Twitter. Follow the Winner’s Edge account, Casey’s twitter account, Nathan’s twitter account, and Tim’s twitter account too for Forex analysis, and trade ideas!
For Nathan’s most recent Technical Analysis click here!
Latest posts by admin (see all)
- How To Plan a Trade From Start to Finish - May 3, 2016
- How To Trade The Eur/Usd Right Now - April 29, 2016
- Eur/Usd Could Move Higher Based off of Support Pin Bar - February 19, 2016
Winner’s Edge Trading, as seen on: