With the September FOMC meeting upon us, we have seen a range of opinions on whether the Fed will taper and by how much. Michael Hewson gives his view that the market may be disappointed and discusses the likely effect on US treasury prices.
- US 10 year bonds may rebound if the markets are disappointed by lack of Fed tapering
- GBP/USD is trading in an uptrend ahead of latest BoE minutes
- EUR/GBP has broken down and may target £0.8280
- Lloyds Bank – needs a significant move above 79-80p despite UK government selling part of its stake
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.Video content by Michael Hewson of CMC Markets. Content provided by CMC Markets. CMC Markets UK plc and CMC Spreadbet plc are authorised and regulated by the Financial Services Authority in the UK, registered offices, 133 Houndsditch, London, EC3A 7BX.