All on Hold After the US GDP Figure and Policy Statement, but What Will Happen Next? – Vantage FX Comments

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Vantage FX comments on the much anticipated figures and statement from the US.

Vantage FX - Multi-Award Winning Forex Broker

Vantage FX - Multi-Award Winning Forex Broker

No mention of the shutdown was made as the US Fed policymakers voted to maintain the $85m per month bond buying scheme (The Telegraph, 30th October 2013). More of a surprise was the gentile nature of the words chosen, though this may have been done so as not to rock the markets.

Vantage FX’s Tim Plummer commented:

“This week the US has announced that they would be maintaining their current monetary policy going forward, being that interest rates are to be kept on hold as well as the Quantitative easing strategy is still not going to be tapered and kept at the $85bn figure.

“Some strategists are expecting the tapering to occur soon. The fundamental data announced recently has shown that consumer confidence and employment news is still not looking so good.

“On the topic of growth, US GDP Quarter on Quarter was at 2.5% although going forward there are serious concerns over the next figure as the US shutdown will dampen US growth in the 4th quarter.”

To help traders stay up to speed with the important news which affects the currency markets, Vantage FX provides daily forex sentiment analysis and other key information via their Forex Hub and their social channels.

Plus traders can access their wealth of forex training and chart analysis videos on their Forex YouTube channel.

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 forex 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

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Robert Berkeley
Vantage FX
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