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.