Analysts at TD Securities (TDS) offer their afterthoughts on the January Fed monetary policy decision and its impact on the US Treasuries and the dollar. Key quotes “Changes to the statement were relatively small, consistent with no near-term plans for policy changes. Nor did the chairman suggest a need for changes to current accommodative policy settings anytime soon.” “While he expressed some optimism about growth in the year ahead, he emphasized that the economy is a “long way” from the Fed’s goals and talk of tapering is “premature.” “The Fed was not much of a market mover for the rates market. We remain short 10y Treasuries and positioned for 5s30s curve steepeners as we look for supply pressure to continue bear steepening the curve.” “We maintain that near-term tactical risks favor a firmer USD and more focus may be placed on FX/equity correlations, which have only recently started to firm. Against this backdrop, the dollar bloc could lead losses, with AUDUSD looking rather precarious.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next It’s Too Soon To Buy Gold-Elliott Wave Chart Gregor Horvat 1 year Analysts at TD Securities (TDS) offer their afterthoughts on the January Fed monetary policy decision and its impact on the US Treasuries and the dollar. Key quotes “Changes to the statement were relatively small, consistent with no near-term plans for policy changes. Nor did the chairman suggest a need for changes to current accommodative policy settings anytime soon.” “While he expressed some optimism about growth in the year ahead, he emphasized that the economy is a "long way" from the Fed's goals and talk of tapering is "premature." “The Fed was not much of a market mover for the rates… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
