Hot Topic – Yellen raises expectations
August 30, 2016 7:55 amVideo
Latest News
- Outlook for GBP/USD on April 16. Pound awaits inflation data April 16, 2024
- Outlook for EUR/USD on April 16. Another boring Monday April 16, 2024
- The euro hardly has a chance to rise April 16, 2024
- Trading Signals for GOLD (XAU/USD) for April 15-17, 2024: buy above $2,328 (200 EMA – 5/8 Murray) April 15, 2024
- Video market update for April 15, 2024 April 15, 2024
- Trading Signals for GBP/USD for April 15-17, 2024: buy above 1.2450 (21 SMA – 0/8 Murray) April 15, 2024
- The dollar has not reached its potential April 15, 2024
- Analysis of GBP/USD. April 15th. Retail sales in the USA allow the dollar to continue rising April 15, 2024
- China’s Q1 GDP growth next on the Asian calendar – Preview April 15, 2024
- Technical Analysis – Goldman Sachs stock gains on strong earnings April 15, 2024
- Trading Signals for ETH/USD (Ethereum) for April 15-17, 2024: buy above $3,125 (200 EMA – 2/8 Murray) April 15, 2024
- Analysis for EUR/USD on April 15th. Monday – a tough day for the euro April 15, 2024
- GBP/USD: trading plan for the US session on April 15th (analysis of morning deals) April 15, 2024
- EUR/USD: trading plan for the US session on April 15th (analysis of morning deals). Euro is at an impasse April 15, 2024
- GBP/USD: Will sterling hold steady against dollar? April 15, 2024
- Technical Analysis – USDJPY rallies to another fresh 34-year high April 15, 2024
- Will Netflix earnings take the share price closer to its record highs? – Stock Markets April 15, 2024
- EUR/USD. April 15th. Bulls panic and retreat from the market April 15, 2024
- GBP/USD. April 15th. The dollar gains confidence April 15, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and the US Dollar Index April 15, 2024
Here’s what’s going on for the Greenback
The EUR/USD on Friday decreased by 0.8%.
And on a weekly basis, the world’s most popular currency pair fell by 0.9%.
The probability of the Federal Reserve increasing interest during this year have increased according to its Chairwoman Janet Yellen.
What lead to this situation:
During her annual speech, which once again took place at Jackson Hole, she supported the Fed’s initial plan for gradual increases to interest rates but also said that there is a “strengthened” probabil-ity for another rate hike.
Yellen supported her comments by saying that there has been continuous strong performance from the unemployment sector, while the Fed’s inflation outlook has also increased
However, she pointed that the Bank’s future decisions will depend on upcoming economic data re-ports.
Last Friday’s speech given by Ms Yellen raised the probability of an interest rate increase during next month, as long as the upcoming Nonfarm Payrolls (NFP) report shows further strengthening of the labour market.
The NFP data are expected for release this Friday 02 September at 12:30 GMT.
What is next:
Prior to the speech given by the Fed Chairwoman, the markets were not very hopeful for an interest rate increase for next month and many investors have even settled for interest rates to remain at the same level until the end of the year.
The last time the Fed decided to increase interest rates was just before the end of 2015, by 0.25%.
So it seems that the Fed is aiming to push the markets to begin pricing in an interest rate increase during for this year.
All eyes will be turned to the upcoming NFP this Friday.
So, big week for the US dollar. What are your thoughts, is the Fed finally going to raise the rates? Will the dollar surge in response?
The post Hot Topic – Yellen raises expectations appeared first on Forex.Info.
Source: Easy Forex Forex.Info
Related Posts: