Despite Jerome's Powell hawkish speech, the greenback fell on Tuesday as investors returned to investment in risk assets…
Biden kept Powel as Fed Chair. Why should traders care?
Information is not investment advice
Jerome Powell is getting a second term as chair of the Federal Reserve. Powell is seen as less dovish than Brainard (another nominee). The US dollar should get some support from the possibility of faster-than-expected Fed tapering.
On December the 3rd Canada reported a 6% unemployment rate, while the expectations were at a 6.6% level. Less than expected unemployment rate is always hawkish news for the national currency.
The oil prices have declined this week after the new Omicron strain was identified. What should we expect next from oil?
After NFP greatly exceeded expectations, the market players turn their heads to the release of US CPI, which may push the Fed to hike sooner…
For the stock market, January turned out to be the worst month since the market crash in March 2020. There are expectations of rate hikes, another covid wave, and speeding the end of the bond-buying program. What to expect from February and how to trade this week?