Fed chief Powell signals central bank is done with signaling

Federal Reserve Chairman Jerome Powell has a new message for financial markets: watch the data on jobs, wages and inflation for signals on monetary policy – not the U.S. central bank’s words or forecasts.  That’s a big change for the Fed, which for most of the past decade has done what it could to steer markets on its policy intentions as it nursed a fragile economy to recovery after the financial crisis. As part of that so-called forward guidance, the Fed for years described its policy stance as “accommodative” to assure markets that it would not strangle economic growth. Read More @ https://www.reuters.com/article/us-usa-fed/fed-chief-powell-signals-central-bank-is-done-with-signaling-idUSKCN1M7299

U.S. dollar rises on weaker euro, Fed policy; stocks gain

The U.S. dollar held near a one-week high against a basket of major currencies on Thursday following an interest rise by the Federal Reserve on Wednesday, while robust economic growth and a rally in the shares of Apple Inc and Amazon.com Inc boosted the U.S. stock market. Read More @ https://www.reuters.com/article/us-global-markets/u-s-dollar-rises-on-weaker-euro-fed-policy-stocks-gain-idUSKCN1M7041?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

WHAT IS THE USD INDEX SAYING?

The USD has broken the re-test line and now heading for 94.50; FED firm on US economic growth and 2% inflation indicator is taking the USD higher, the US-CHINA trade war is also pushing the USD higher for now. If you are trying to short the USD just be cautious.

TODAYS NEWS THAT MIGHT AFFECT YOUR TECHNICAL TRADES.

  1. 3.55pm – German unemployment change; expected to be good.
  2. 4.00pm – Spain will release their CPI – expect EURO price movement.
  3. 4.30pm – UK will release their current account & final GDP data – GBP Pairs volatility expected.
  4. 5.00pm – EURO will release their CPI data – expect EURO Pairs volatility. We maintain BUY for EURO.
  5. 8.30pm – Canada will release their GDP data – CAD pairs volatility expected. We are cautious over CAD due to NAFTA Deal discussion with US.
  6. 8.30pm – US will release personal spending, personal income and Core PCE prices – we are expecting no change on data – little or no movements.

The market will end with US winning this week; the market is also staying cautious. FEDs assurance of US economy is keeping the USD new high this week. Always maintain good money management.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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