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All eyes today are on Janet Yellen today - SocGen

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 29, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Kit Juckes, Research Analyst at Societe Generale, suggests that all eyes today are on Janet Yellen who is speaking at the Economic Club of New York at 12:20 pm ET.

    Key Quotes

    “The danger is that she is very balanced/neutral. It’s hard why she would seek to signal the possibility of an imminent rate hike after recent data, but she will clearly want to support the market in pricing-in hikes this year. Net result, she won’t be much help and we may wait for Friday for economic clues.

    My underlying view though, is that while a trundling US economy and a slow-moving Fed make new highs for the dollar unlikely any time soon, we are now in a range for the currency and for that matter in 10-year yields. I’m not instinctively a big buyer of volatility here.”
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