London (PRWEB UK) 20 December 2013
The Fed announced it would begin tapering QE with a $10bn a month reduction in asset purchasing in a press release on Dec 18th.
Vantage FX’s Head of Market analysis Jay Mawji commented:
“The Taper is on! The FED has introduced the first stage of the Taper programme, deciding to draw back $10bn worth of easing and maintain a forward guidance of sorts on a zero-rate interest policy. It’s a difficult situation, with the FED attempting to return the market to normal conditions. Ben Bernanke did stress that this policy "is not intended to be a tightening", which supports the view that as long as economic data remains strong, the Taper will continue.”
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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 a free MT4 forex demo.
You may prefer to contact our Australian Office. Phone: +61 1300 945 517 Contact: Natalie German. Website: vantagefx com