Filed Under:
Forex pairs in this Article » USD, EUR/USD, AUD/USD, EUR/JPY
Talking Points:

• A follow up Taper to the FOMC's December 18th QE3 cut is the consensus outcome

• Meeting expectations of a $10 Bln reduction in stimulus (to $65 Bln per month) can still move markets

• Preferred setups on a a Taper include EURUSD, AUDUSD and EURJPY

Join Chief Strategist John Kicklighter as he covers the release and market response of the FOMC rate decision Live in the DailyFX-Plus Trading Room!

This week's top scheduled event risk is directly ahead and the market's recent stability looks suspiciously fragile. How will this FOMC decision impact the dollar and sentiment? With the December gathering, the first pullback in the QE3 stimulus regime resulted in a surprisingly sanguine and restrained market reponse. However, we should not be so complacent as to expect optimism and quiet as this important market strut is removed and broader conditions begin to break down. We look at the scenarios, market bearings and trade opportunities to the upcoming Fed rate decision in today's Forex Strategy Video.

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