US Dollar analysis.
The dollar gained sharply across the board after Powell’s comments. This exaggerated reaction in just goes to show you how dovish the FX market has been leaning in recent days.
Chair Powell joined the Fed’s pushback efforts.
Powell noted that while monetary policy was working in ways it should, some households and businesses are not feeling the impact of higher rates. Powell also said the Fed is trying to make a judgment about whether it needs to do more. This is basically what Powell said at his press conference on November 1.
U.S. economy remains fairly robust.
Data highlight will be preliminary November University of Michigan consumer sentiment. Headline is expected to remain steady at 63.8,
The dollar gained sharply across the board after Powell’s comments. This exaggerated reaction in just goes to show you how dovish the FX market has been leaning in recent days.
Chair Powell joined the Fed’s pushback efforts.
Powell noted that while monetary policy was working in ways it should, some households and businesses are not feeling the impact of higher rates. Powell also said the Fed is trying to make a judgment about whether it needs to do more. This is basically what Powell said at his press conference on November 1.
U.S. economy remains fairly robust.
Data highlight will be preliminary November University of Michigan consumer sentiment. Headline is expected to remain steady at 63.8,
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Come on over to my YouTube channel and Level Up your trading! 💸💸💸💸💸 @RJBforex, Like and Subscribe!