FT taper reporter tells everyone to “chill out”

FT reporter Robin Harding is evidently shocked that his story on the Fed has caused a turnaround in stocks and has taken to twitter to tell everyone to relax because he has no inside source.

Glad people are reading my Fed preview. I’ve been in the September taper camp for a while and I’d stick with that… But people need to chill out. The Fed does not leak anything to any journalist to steer markets – especially during blackout.

Author: Adam Button

Adam Button is the editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes deeply in the value of knowing every tidbit of news. He has a background in journalism and was formerly the head of the markets team at the Canadian Economic Press. He is a graduate of Ryerson University and completed Level 1 of the CFA program. Adam lives in Montreal, follow him on Twitter: @FX_Button.

8 Comments

  1. Why is this knob writing an article as matter of fact? It’s not written as speculation on his part .. he is stating what will happen!

  2. …and there goes the dollar

  3. Sort of wonder how much weaker the USD can actually get as even an unconfirmed rumor of the possibility of a taper is enough to send the USD uptown.
    Oversold USDX is what this says as no body actually believes the Fed will do any policy change.

  4. Can the market just get over this and move one way or another.

  5. Can they just tell us what the prices will be in a week/month/year? lol

  6. what.a.douche

  7. Adam, Please give me some feedback as I am really in the deep woods with price action of EUR/USD, OK?
    Fed likely to signal tapering, ; OK in Sept or Dec, whenever, so news is, it is coming, bringing with it increased interest rates, Right? Increased interest rates will make the US dollar strengthen, Right? Small uptick in USD/JPY, logical, no? Meanwhile; the EUR/USD goes UP? WTF?
    EUR goes up despite ECB’s Mersch saying EU isn’t doing enough fiscal contraction policies! What? Crash the economies as a policy and the EUR goes UP? In addition, Mr Dijsselbloem continues to undercut ECB support for ESM recapitalizing banks. So let me get this straight, The ECB has renigged on the June agreement to use the ESM to bail out banks to stop the rescue of failed banks from piling debt on individual countries. These same countries can ONLY pay this debt IF they grow. Now there is talk of bail-in’s and a cap of 80ish Billion Euro “if anything at all”. Then I hear G8 leaders say economic prospects remain weak but downside risks have been reduced? Why, don’t get their optimism, do you? I guess the confidence fairies are pulling overtime.
    In the meantime EUR/USD continues it’s seemingly inexorable march to 136 to the USD. At this exchange rate virtually all EU exports will become completely uncompetitive. Growth, and the prospect of sovereign debt being paid off, will tank.
    What part of this line of thought is so off base that it seems that half a continent is acting like lemmings? Please explain what is wrong with my logic. Are we really seeing a once-in-a-lifetime opportunity for the mother of all shorts?
    Any comments, pointing out my flaws of logic, would be greatly appreciated.
    Thanks for letting me post.

  8. The market can be irrational but I like what you`re saying.

Top

© Copyright 2014 ForexLive™  |  Advertise With Us  |  Login To Comment  |  Sitemap

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.

ADVISORY WARNING: FOREXLIVE™ provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and FOREXLIVE™ specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Forex dealer. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.