Yesterday’s headline is weighing on RISK this morning. The FED announced they will start reducing their corporate bond purchases and that is having a small impact on FX.

Here are some quotes from analysts:

“As long as the upcoming U.S. Labor data doesn’t surprise materially on the upside, imminent Federal Reserve tightening expectations should remain at bay and allow for a gradual USD weakness” – Petr Krpata ING

“Other central banks moving closer to tighter monetary stances and the global economic recovery should keep the dollar on the downtrend” Chris Turner ING

We pay significant more attention to CHARTS and TECHNICAL ANALYSIS, but at the same time we understand the significance CENTRAL BANKS have on the FX/Capital Markets Landscape.