Important Economic Event: #US #Fed’s #Yellen Speech - 13:30 BST, 17 October 2014 Will Yellen take a second nudge at the #dollar? Yellen will be in Boston discussing inequality of business opportunity in the region, but many investors are waiting in anticipation for more comments on the dollar. Yellen’s dovish comments at the #FOMC meeting last week caused the dollar to sell-off, on average 80 pips across major pairs, while the dollar index fell almost 2%; after its first 12-week rally in over 40 years. Yellen’s attempts to weaken the currently bullish dollar failed to last as the dollar recovered much of its losses toward the end of the trading week. Yellen may take a second attempt to weaken the dollar, and this is likely to cause major volatility in the dollar pairs this Friday. Following weak performance across multiple economies, St. Louis Fed President, Bullard, says the Fed should consider delaying the end of QE. As the worlds largest economy, the health of the #US economy is of the utmost importance to traders and economists across the globe. Weak US performance and a lack of liquidity in financial markets, resulting from an end in QE stimulus, could have diabolic effects for US Indices, and this is likely to have a similar effect on European indices. These comments from Bullard highlight the seriousness of ending QE and the responsibility the Fed have in maintaining market stability. Stay tuned for #fx updates and #trading #analyses at cwmfx/
Posted on: Fri, 17 Oct 2014 09:05:00 +0000
Trending Topics
Recently Viewed Topics
© 2015