Vantage FX Comments on what the GDP and FED Statement on 31 July will mean for Forex Traders
London (PRWEB UK) 30 July 2013 -- There’s no question the release of US GDP figures will say everything about the FED’s policy on the current easing strategy, and what isn’t said by the figures will be spelt out in the MPC and press conference to follow.
In advance of this moment, a big one for the USD in particular, Vantage FX’s Jay Mawji has some comments and predictions of what the outcome will mean for forex traders:
“The US economy has been posting some impressive data, particularly in the jobs market. However, the economy has shown some slowing signs and US GDP could prove that the economy is cooling off a little.
"Recent FED statements regarding Easing being withdrawn have caused chaos in the markets although Ben Bernanke has begun to backtrack somewhat on previous bold statements.
"The FED statement should show some discussion about when Easing should be withdrawn, although most members will be likely to choose a 'sit on the fence in fear' stance. Interestingly, Mark Carney made several comments about the similarities between the US economy and the UK economy. With the US moving back towards sitting on the fence with policy-making, will Mark Carney be inclined to do the same?
"Forex traders should be prepared for a strong USD move, either with the USD strengthening as Easing withdrawing becoming a certainty, or USD weakening if the FED suggests a change in opinion.”
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About Vantage FX
Vantage FX is an internationally recognised Forex broker based in the City of London, providing foreign exchange trading services and a UK trading platform to clients in the UK, the EU and the rest of the world.
What sets forex brokers Vantage FX apart is their wide range of services and outstanding level of customer support. The company strives to provide an intuitive, interactive Forex experience by continually innovating and taking advantage of the latest trading technology, such as MetaTrader 4 and Expert Advisors as well as offering handy tools such as a forex market calendar.
You may prefer to contact our Australian Office. Phone: +61 1300 945 517 Contact: Natalie German. Website: vantagefx com
Robert Berkeley, Vantage FX, http://www.vantagefx.co.uk, +44 207 621 8925, [email protected]
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