Live: Fed Chair Powell Testifies Before the House Committee on Monetary Policy – 11:00AM, ET 3/8/23
Federal Reserve Chairman Jerome Powell speaks Wednesday morning to the House Financial Services Committee on the semiannual monetary policy report. Source link
Cable Shaped by USD Factors
POUND STERLING ANALYSIS & TALKING POINTS Fed officials in focus today – will the hawkish rhetoric continue? Lingering UK strike action does not bode well for UK economy. Daily cable chart exhibits caution as traders await fundamental cues. Recommended by Warren Venketas Get Your Free GBP Forecast GBP/USD FUNDAMENTAL BACKDROP In what has been a […]
Live: Chair Powell Speaks After Fed Raises Interest Rates a Quarter Point: 02/01/22 – 2:30 ET
Federal Reserve Chair Jerome Powell holds a news conference on Wednesday following the closed two-day Federal Open Market Committee (FOMC) meeting and will discuss interest rate policies. Powell speaks about how The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday and gave little indication that it is nearing the […]
Cable Coils into Narrow Range Ahead of Blockbuster Week
GBP/USD Analysis Markets brace for a week of high importance event risk (FOMC, BoE, ECB, NFP and mega-cap tech earnings) GBP/USD technicals highlight major reversal pattern and the potential for increased volatility Fund managers’ sentiment aligns with the contrarian indicator The analysis in this article makes use of chart patterns and key support and resistance […]
Dismal December Retail Sales Leads Cable Lower
GBP/USD News and Analysis Disappointing retail sales during a strike affected December poses concerns for shoppers GBP/USD eases after the report, heading into the weekend looking for support at 1.2300 Attention turns to next week with the first look at US GDP and PCE inflation data, UK PMIs too The analysis in this article makes […]
Double tops around 1.2250 tease Cable sellers ahead of key UK data
GBP/USD retreats from intraday high to pare the biggest weekly gain since late November. RSI pullback from nearly overbought conditions adds strength to the pullback moves. 200-SMA, weekly support line appears crucial challenge for bears. UK monthly GDP, output and trade numbers for November will be crucial to watch. GBP/USD prints mild losses around 1.2200 […]
LIVE Video: President Biden Delivers Remarks About His Economic Plan: 01/04/23 – 1:45PM ET
President Biden will speak about his economic plan and its impact on U.S. infrastructure and American communities in Kentucky on Wednesday. Source link