The pace stays still

Hi friends,

Well well, the markets were looking for Ben, and he didn’t disappoint. After last testify in front of the congress where he sounded not sure about his steps, this report today shows clearly that the Fed with Bernanke in the head of it, are not seriously consireding reducing it and some of the Fed members are even thinking about continuing with it in 2014.

It will most likely will happen without Bernanke then, as he might free his chair, but it does feel that some of the Fed members afraid of thinking about the “day after QE”.

Time will tell how this first time even experiment will end, but the markets are moving nervously after the speech.

So what we could expect to?

Personally I won’t be surprised if the US Dollar will keep weak some more days, but I do think that it will come to its end faster then everyone expects.

The next central bank chairman to wake up and intervene will be Draghi, simply because the EUR shows muscles against most of the pairs, and it’s not something that Eurozone can deal with for long term. Be ready for Draghi’s action too.

I wish you a wonderful evening,

Yours,

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.