The market has become less clear over the past two weeks on the likelihood of the US central bank starting to taper bond purchases at next weeks’ Fed meeting. This has been partly driven by data, which has not moved decisively in the Fed’s favour, together with the messages coming from the Federal reserve itself, which with the messages not pushing hard for a scaling back of bond purchase this month. The current expectation is that we’ll see a small notional tapering, which with an accompanying adjustment of the language. This could lead to some disappointment on the dollar, with future tapering looking ever more dependent on the data. Data/Event Risks USD: Data calendar hotting up with PPI (factory gate inflation), retail sales and Michigan confidence data released. Retail sales probably the biggest one for the dollar, followed by Michigan. Sales are seen rising 0.5% MoM on headline basis, with firmer number helping support the dollar into the end of the week. See how to trade the consumer confidence number with EUR/USD. Latest FX News USD: The move higher on the claims data proved to be transitory on the basis that one-off factors appeared to be at play in pushing the headline claims data below the 300k level for the first time in seven years. Nikkei report that Obama will name Summers as new Fed chair, which would be dollar positive as he’s seen as less of a fan of quantitative easing. This gave the dollar a lift at the start of the European session. EUR: A wobble mid-session Thursday on the back of news that Greece faces funding gap of around EUR 4 bln next year (from the IMF). On face value, this is not news, but IMF was clearer on the basis that this will need to be addressed in the autumn before more loans are distributed. FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Forex News Today: Daily Trading News share Read Next US retail sales disappoint – dollar slides Yohay Elam 9 years The market has become less clear over the past two weeks on the likelihood of the US central bank starting to taper bond purchases at next weeks' Fed meeting. This has been partly driven by data, which has not moved decisively in the Fed's favour, together with the messages coming from the Federal reserve itself, which with the messages not pushing hard for a scaling back of bond purchase this month. The current expectation is that we'll see a small notional tapering, which with an accompanying adjustment of the language. This could lead to some disappointment on the dollar, with… 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.