Written by Econintersect
(Corrected FOMC meeting days 12:20 PM 27 July) On Friday Jim Welsh was interviewed by Blake Morrow onTraders Summit. The topic was the near-term and intermediate-term prospects for the US dollar and the forex market. The FOMC, which meets today and Wednesday, occupied a central position in the discussion.
Jim indicated that financial markets are waiting for more clues about when the FOMC will begin to taper its monthly purchases of Treasury bonds and Mortgage Backed Securities. Additional factors in the mix where mentioned: the euro, US inflation, the Delta variant, among others.
See also Jim’s Weekly Technical Review: Delta Doves.
Source: YouTube.
Caption graphic photo credit: From US Treasury Building, Photo by tommao wang on Unsplash.
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