Studying market data including diagrams
Markets

It's 5 minutes until Yellen's press conference starts

USD dollar up 70-100 pips across the board

The US dollar cast its verdict on the Fed information released so far. The dollar bulls are buying on the higher dot plot. For the end of 2017, you only have six Fed members at 1.25% or lower and 11 above.

Previously, 10 were at 1.25% or lower and seven above.

It's usually around 5-10 minutes before the press conference that the knee-jerk reaction retraces a bit on the worry that Yellen unwinds whatever the market is thinking.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx