US President Biden’s State of the Union speech – Live stream

Dhwani Mehta FXStreet

US President Joe Biden is due to deliver the State of the Union address before a joint session of the 117th Congress in the chamber of the House of Representatives at the Capitol, in Washington DC.

The speech is scheduled at 9 pm EST (local time), which is 2 GMT, which could stretch for roughly an hour.

Biden is expected to speak on the topics of inflation and the Russia-Ukraine war, with a source familiar with the text confirming that the president’s address had been revised to emphasize the invasion of Ukraine “as a major crisis facing the West,” per the Washington Post (WaPo).

White House Press Secretary Jen Psaki reiterated that Biden “absolutely” would address inflation in his speech and call on Congress to act accordingly.

Meanwhile, Iowa Gov. Kim Reynolds will deliver a live speech from Des Moines in response to Biden’s remarks.

Watch the live stream here

How will it affect the market?

Any comments on the inflation outlook and the Ukraine crisis will have a significant impact on the risk sentiment, affecting the US dollar valuations and the stock futures alongside.

Traders will also watch out for fresh moves in gold price, after the bright metal rebounded firmly to test $1,950 late Tuesday.

About US President Biden

Joe Biden is the 46th President of the United States. Biden will serve as President for a four-year term, from January 2021 to January 2025. The well-known Democrat has almost 50 years of political service, including eight years as the Vice-President under Barack Obama between 2008 and 2016.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD ticks higher to near 1.1800 ahead of flash German inflation data

The EUR/USD pair trades marginally higher to near 1.1810 in the late Asian trading session on Friday, ahead of the release of preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles to lure buyers amid UK political drama, BoE easing bias

The GBP/USD pair struggles to build on the overnight modest bounce from the 1.3445 area, or the weekly low, and oscillates in a narrow band during the Asian session on Friday. Spot prices currently trade just below the 1.3500 psychological mark, nearly unchanged for the day, and seem vulnerable to slide further.

Gold awaits acceptance above $5,200 and US PPI data

Gold consolidates previous rebound near $5,200 amid risk-off markets, awaiting US PPI release. The US Dollar eyes a flattish weekly close as dovish Fed outlook and tariff woes outweigh geopolitical risks. Gold yearns for acceptance above $5,200 to resume the uptrend, with a bullish RSI in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.