Jerome Powell speaks to the Wall Street Journal, the markets react instantly
The Fed Head’s WSJ interview generated plenty of interest in the [...]
Trading news
The path of least resistance remains to the upside – GBP/USD Market Outlook – 22/02/2021
The Pound dips back below 1.40 amid rising US bond yields. However today, UK PM Johnson is set to lay out a highly-anticipated reopening plan later in the day, which will likely boost the pair higher with optimism. Also, UK’s Health Minister Matt Hancock said that they are confident that the vaccination program will free the country from lockdown sooner than planned. Therefore, buying the dips remains our strategy for now, targeting much higher than 1.40.
Support: 1.3984 / 1.3940
Resistance: 1.4050 / 1.41
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Monday, 22 Feb, 2021 / 9:33
Trading news
Dollar surges, stocks sink after Powell lets yields run loose
Powell gives no hints about possible action to stem selloff in [...]
Inflation fears & rising bond yields spooked investors – FTSE 100 Market Outlook – 05/03/2021
Stocks in London were going up nicely yesterday during the European trading [...]
