Hints and tips:
...“The market is convinced that the seeming encroachment on the Fed’s independence will not impact policy,” said Marc Chandler, chief market strategist at Bannockburn Global Forex....
...Investors are primed for a Fed statement tweak that spells out the P word and leaves US interest rate policy on hold for some time, a throwback to Janet Yellen’s mantra....
...US stocks briefly extended their gains and Treasury yields slipped after Federal Reserve chair Janet Yellen’s remarks in Jackson Hole, Wyoming warned against forgetting the lessons of the 2008 financial...
...For Janet Yellen’s finale as Fed chair, expect a policy statement little changed from December, with officials focused on their gathering in March, when investors expect the next rate tightening....
...As Marc Chandler at Brown Brothers Harriman says, “the tide of sentiment has turned against the dollar”. Jackson Hole is unlikely to halt it....
...— letter from Philip Chandler in London, UK “Sir, £3bn Brexit contingency; £300,000 stamp duty waiver for first-time buyers; 300,000 new homes to be built; £300m for High Speed 2 infrastructure, to name...
...Latest positioning data — taken before last week’s dovish remarks from Fed chair Janet Yellen as well as poor US inflation and retail sales numbers — show dollar net longs at their lowest and euro net longs...
...After all, says Marc Chandler at Brown Brothers Harriman, there are a multitude of factors that influence currencies. “Ultimately, neither matters. Policy does,” Mr Chandler says....
...Investors await the Federal Open Market Committee statement and press conference from Janet Yellen later on Wednesday....
...He “did not argue forcefully enough . . . to dampen the enthusiasm for the euro,” said Marc Chandler at Brown Brothers Harriman, and that he “seemed fairly relaxed about his currency’s strength”....
...Federal Reserve chair Janet Yellen and her colleagues are staging their first meeting of the year....
...Indeed, the bond market seized on Mr Trump’s remark this week that he had not ruled out handing Janet Yellen a second term as chair of the Fed....
...“The gains in the US dollar appear to be more a function of shifting expectations of Fed policy than new clarity on fiscal policy,” says Marc Chandler, a foreign-exchange strategist at Brown Brothers Harriman...
...That takes it past the previous intraday high of 100.510 reached on December 2 last year, when comments from Federal Reserve chair Janet Yellen warmed up the market for a rate rise....
...Chandler Howard, chief executive of Liberty Bank in Connecticut, has noticed a rise in risky lending practices....
...As Marc Chandler at Brown Brothers Harriman says, there was “nothing to dissuade investors that it will be gradually raising rates this year”....
...The way the ex-Goldman Sachs banker presented himself was indeed unusual, says Marc Chandler of Brown Brothers Harriman, “but the whole Trump government has been unusual”....
...of its main peers and primarily weighted to the euro, gathered pace on Wednesday, rising to 100.560, surpassing its previous high from early December last year, when comments from Federal Reserve chair Janet...
...“Both blades are moving,” Mr Chandler said....
...But Mr Chandler cautioned that “the key is still the Fed’s leadership” of chair Janet Yellen, vice-chairman Stanley Fischer and New York Fed president William Dudley....
...“Trump looks like Reagan-lite,” Mr Chandler cautions....
...“The signal that Janet Yellen sent was a little more hawkish than the market is used to,” added Dan Ivascyn, Pimco’s chief investment officer....
...Federal Reserve chair Janet Yellen and her central bank counterparts in Europe and Japan are turning on its head that old idiom about actions speaking louder than words....
...The election was topic number one at chair Janet Yellen’s press conference last month, yet she repeatedly stonewalled....
...He has brought peace between the markets and Janet Yellen, as traders at last appear to believe her forecast for interest rates over the next year....
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