Tension towards the FOMC decision continues to rise, and the markets are acting in a very choppy manner. In an interview with Julie Sinha of Forex TV, I spoke about the current state of the markets, focusing on the movements in the Euro and the British pound. Enjoy:
The size of Quantitative Easing is the main driver of currencies these days – with important US figures only playing second fiddle. In the interview, I dived into the meaning of the drop in jobless claims, and why the situation is still dire there. Also looking into the good durable orders number, things are still worrying. One currency pair that has reasons to rise is AUD/USD.
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