Ashraf Laidi discusses the "surprising" release of the minutes from the December FOMC meeting indicating "Several" FOMC members favoured stopping or slowing the pace of asset purchases well before end of 2013. Ashraf clarifies there is a vast ocean between slowing down the pace of purchases, seizing purchases altogether, and starting to sell bonds. Slowing the pace of purchases by no means implies a policy tightening. The impact of any shift in policy is more likely to be reflected in rising bond yields than in falling equities. Markets undergo several phases of transition according to the shifts of Fed policy, but one thing is clear is that neother the flow of asset purchases nor the decline in the unemployment rate will ever go in a straight line.
Ashraf's 4-year comparative performance charting of 11 currencies, 7 equity indices, & 14 commodities for Premium Insights members.
- What was the best performing currency in 2012?
- How to find out w/out making several cross-FX comparisons?
- What conclusion to draw from Aussie's performance relative to CAD & JPY?
- How copper fared vs against gold and crude?
- Coffee, cotton and corn are also included, as well as FTSE-100, S&P500 and the Nikkei-225.
FIND OUT HERE: http://ashraflaidi.com/forex-news/comparative-intermarket-performances-from-2009-to-2012
USDJPY breaks above the 4-week trendline resistance to hit a 2-week high at 156.80 after Japan PM Takaichi appointed 2 dovish candidates to the 9-member policy board of the Bank of Japan. The candidates are professor Ayano Sato at Aoyama Gakuin University and professor Toichiro Asada of Chuo University. If they're confirmed, then these new members will likely provide material pushback to the BoJ's interest rate hike path, which could further weaken JPY vs major currencies. 2 days ago I reminded our WhatsApp Bdcst Group I was long USDJPY, targetting 156.40. The chart below suggests 157.70s could well be the next target.
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