Fed speak amongst market movers today – Danske Bank
|Danske Bank analysts point out that the Fed Chairman Jerome Powell (voter, neutral) will speak again today at the 'Fed listens' event in Kansas but will likely not bring much new compared to his speech yesterday.
Key Quotes
“Minutes from the latest FOMC meeting will be released tonight . This will give insights into the discussion about the need for further accommodation. However, the meeting took place before the recent weak US service PMI that points to some spill-over to US consumers and the service sector.”
“Also look out for any new comments regarding the upcoming US-China trade talks starting tomorrow in Washington . We may also get more signals regarding possible Chinese retaliation against the US blacklisting of more Chinese companies. However, China may wait until the other side of the trade talks this week before hitting back.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.