22 Dec 2014
Yellen setting the theme as we enter holidays - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that thin holiday markets had kick started last Friday.
Key Quotes:
“Dollar strengthened across the board into the year end, following FED’s decision to drop the pledge to keep borrowing costs near zero for a “considerable time.””
“The pace of tightening may be slower than what markets have been anticipating, as Mrs. Yellen delayed the decision “for at least the next couple of meetings,” but it will indeed anticipate any other major economy move towards tightening in at least a year””.
“For the upcoming days, the markets are expected to have no volume whilst volatility may see some short lived spikes before majors turn back into tight ranges”.
Key Quotes:
“Dollar strengthened across the board into the year end, following FED’s decision to drop the pledge to keep borrowing costs near zero for a “considerable time.””
“The pace of tightening may be slower than what markets have been anticipating, as Mrs. Yellen delayed the decision “for at least the next couple of meetings,” but it will indeed anticipate any other major economy move towards tightening in at least a year””.
“For the upcoming days, the markets are expected to have no volume whilst volatility may see some short lived spikes before majors turn back into tight ranges”.