By: Forbes Real Time
August 16, 2013 at 09:04 AM EDT
Fed Taper Fears Petrifies Forex Traders
The object is to remain in one piece so as to fight another day. This week's turbulent market price action is not for the faint of heart. Whiplash volatility has been the order of the day as we complete the final trade session to end a choppy week in foreign exchange (forex). On Monday, most Europeans are expected to return from their annual holidays. Let's hope both forex liquidity and market volatility will improve and be better measured as a result. With so much riding on the Federal Reserve's next move, and economic data painting a mixed picture of the U.S. recovery, the market does not seem to have any strong convictions. Investors have been very quick to get out of positions which in-turn causes increased volatility.
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