Analysts at TD Securities suggest that in the US, Fed Chairman Powell will kick off his semi-annual Congressional testimony with an appearance before the Senate Banking Panel at 10:00 ET and will be a key economic event for today. Key Quotes “Expect him to emphasize patience. He will not front-run the FOMC and announce anything new on the balance sheet, other than repeating that runoff could end this year.” “On the data front, markets expect December housing starts to edge lower to a 1250k pace, down 0.5% on the month, while permits are expected to post a slightly larger 2.8% decline to 1290k. These data give the first update on residential construction since the government shutdown.” “Conference Board consumer confidence will round out the data flow, with the market looking for the index to recover to 124.1 in February after a 16-point plunge over the past two months.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY surges through mid-146.00s, highest since mid-Nov. FX Street 4 years Analysts at TD Securities suggest that in the US, Fed Chairman Powell will kick off his semi-annual Congressional testimony with an appearance before the Senate Banking Panel at 10:00 ET and will be a key economic event for today. Key Quotes "Expect him to emphasize patience. He will not front-run the FOMC and announce anything new on the balance sheet, other than repeating that runoff could end this year." "On the data front, markets expect December housing starts to edge lower to a 1250k pace, down 0.5% on the month, while permits are expected to post a slightly larger 2.8%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
