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Markets

More from Yellen: Zero rates mean less scope to respond to negative shock

Preparing for a downturn isn't exactly hawkish but the FOMC is giving themselves some wiggle room

Actually the BOE's gov Carney came out with similar comments suggesting that a need to raise rates if only to give some room to cut again if need be

This stance /caution is understandable but it's hardly the start of a concerted move higher

GBPUSD has been up to test the 1.5100 res I highlighted earlier only to fall back to 1.5060 as I type

EURUSD running into tech res between 1.1000-20 and posted 1.1012 before 1.0968 now

Expect more indecision and shadow boxing

Yellen still conducting Q&A

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.

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