Ashraf Laidi talks FOMC, Euro to AlArabiya Jan 28, 2012

Ashraf Laidi tells Arabiya that the Fed's downgrade of its economic outlook and the extension of zero rate policy will raise expectations (& speculation) for a 3rd round of asset purchases. The result would be prolonged renewed buying in equities at each dip, and choppy trading in EURUSD. Ultimately, however, the Fed will likely fall short of delivering a 3rd round of QE and disappoint the overall risk trade.