Yellen: fine balancing between confidence, dovishness, and politics [Video]


Fed Chair Janet Yellen meets the new Congress in a long testimony. This is more important than the recent rate decision. Markets will be looking for a hint about hikes and also the level of confidence about the economy after the setback in wages. Politics are never far: implications for trade, fiscal policy, and deregulation will be in the limelight, but Yellen will probably dodge these attempts. The USD will be closely watching.

Previews for the all-important testimony:

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About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

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