US Federal Reserve – the markets are all ears

The world's central banks are now the market, says John C Burford. So far, they have been the buyers. But will they turn into forced sellers at some point?

The big day has arrived.

At 7.30pm BST, Ben Bernanke will speak and the whole world will be all ears, hanging on his every word. It's almost biblical!

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Swipe to scroll horizontally
($5 X DJIA INDEX)Row 0 - Cell 1 Row 0 - Cell 2 Row 0 - Cell 3 Open interest: 110,852
Commitments
45,5335,48514147,75586,54993,42992,17517,42318,677
Changes from 06/04/13 (Change in open interest: -5,289)
-3,2401205-958-3,213-4,193-3,088-1,096-2,201
Percent of open in terest for each category of traders
41.14.90.143.178.184.383.215.716.8
Number of traders in each category (Total traders: 97)
3015434296646Row 8 - Cell 7 Row 8 - Cell 8

John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.