Yellen: Confirmation hearing | Forex Factory

  • Yellen: Confirmation hearing

    From federalreserve.gov

    Chairman Johnson, Senator Crapo, and members of the Committee, thank you for this opportunity to appear before you today. It has been a privilege for me to serve the Federal Reserve at different times and in different roles over the past 36 years, and an honor to be nominated by the President to lead the Fed as Chair of the Board of Governors. I approach this task with a clear understanding that the Congress has entrusted the Federal Reserve with great responsibilities. Its decisions affect the well-being of every American and the strength and prosperity of our nation. That prosperity depends most, of course, on the ... (full story)

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Exodus
Nov 13, 2013 3:51pm
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Quoting PopatJunk
there were rumor of this leak lead to stock soaring, so it might have released early than the scheduled release time of 10am New york time on 14th Nov thursday.
So maybe Nikkei will soar...?
Reply
Exodus
Nov 13, 2013 4:09pm
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Quoting funshow602
this unfair, why isn't this event scheduled?
I think because it was not a scheduled address to a particular audience. It was her attempt at securing votes for the nomination to the FED chairman's job.
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smash1820
Nov 14, 2013 12:23pm
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Quoting backinblackl
Janet Yellen Confirmation is Risky for the Dollar
Investors are selling dollars on the eve of Janet Yellen's confirmation hearing. As one of the most dovish members of the FOMC, Yellen is widely expected to assert her dovish views on Capitol Hill tomorrow. In fact, based on the full copy of her opening statement, which was released in late North America, she is not going to act out of character just to appease her critics. When she speaks before her confirmation hearing tomorrow, she will say that the labor market and the economy are performing...
Thank you for the informative post.

However, anyone and their mother can argue that jobs come first, but Ms. Yellen is not considering the risk:reward behind this trade. Just my 2 cents.
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shellsnail
Nov 13, 2013 4:30pm
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Quoting InNeedOfHelp
Every economy is under performing - can anyone say otherwise?
In economics lingo, it means below potential output/ trend rate of growth i.e. more room for easing/printing.
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chazzle
Nov 13, 2013 4:40pm
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Senator Crapo
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Subdude
Nov 13, 2013 3:38pm
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LOL, excellent entry point to go long on USD.
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Subdude
Nov 13, 2013 4:08pm
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Quoting arash66110
Yellen Says U.S. Economy Performing ‘Far Short’ of Potential
it means infinity QE
Is that really a news?
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Subdude
Nov 13, 2013 6:26pm
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Quoting chazzle
Senator Crapo
I wonder if he's related to Richie Incognito.
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fx-trader777
Nov 13, 2013 7:09pm
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I don;t know why but, I think Yellen will suddenly turn hawkish

QE went to far, actually American QE spurred economies overseas
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NZ pips
Nov 14, 2013 2:55am
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Quoting fx-trader777
I don;t know why but, I think Yellen will suddenly turn hawkish

QE went to far, actually American QE spurred economies overseas

Im with you < charts looking to risk off and thinking her talk this arvo will be a catalyst
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osmo
Nov 14, 2013 12:07am
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Quoting Subdude
I wonder if he's related to Richie Incognito.
LoL
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PopatJunk
Nov 13, 2013 3:47pm
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there were rumor of this leak lead to stock soaring, so it might have released early than the scheduled release time of 10am New york time on 14th Nov thursday.
Quoting rootkit
was this event scheduled?
Reply
backinblackl
Nov 14, 2013 3:09am
Permalink
Quoting NZ pips
Im with you < charts looking to risk off and thinking her talk this arvo will be a catalyst
Janet Yellen Confirmation is Risky for the Dollar



Investors are selling dollars on the eve of Janet Yellen's confirmation hearing. As one of the most dovish members of the FOMC, Yellen is widely expected to assert her dovish views on Capitol Hill tomorrow. In fact, based on the full copy of her opening statement, which was released in late North America, she is not going to act out of character just to appease her critics. When she speaks before her confirmation hearing tomorrow, she will say that the labor market and the economy are performing "far short of potential" with the jobless rate much higher than what they would like to see. She also believes that inflation will run below the Fed's 2% goal for some time, which implies that Yellen does not share her colleagues concerns about the risks of monetary policy. If Janet Yellen were to lead the central bank, she would favor later versus earlier tapering. She has long been criticized for being soft on inflation but with high unemployment, she can soundly argue that jobs come first.
Reply
arash66110
Nov 13, 2013 4:04pm
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Yellen Says U.S. Economy Performing ‘Far Short’ of Potential
it means infinity QE
Reply
rootkit
Nov 13, 2013 3:40pm
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was this event scheduled?
Reply
yoiii83
Nov 14, 2013 2:34am
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anyone trading nzdusd with this news?
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PopatJunk
Nov 13, 2013 3:34pm
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so finally leak is officially out!
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funshow602
Nov 13, 2013 3:57pm
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this unfair, why isn't this event scheduled?
Reply
InNeedOfHelp
Nov 13, 2013 4:08pm
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Every economy is under performing - can anyone say otherwise?

Quoting arash66110
Yellen Says U.S. Economy Performing ‘Far Short’ of Potential
it means infinity QE
Reply
PopatJunk
Nov 13, 2013 4:14pm
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it is difficult to guess nikkei correlation with other markets except USD/JPY.
Quoting Exodus
So maybe Nikkei will soar...?
Reply
Trader#345C
Nov 14, 2013 12:57am
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Yellen's testimony leak was perpetrated by individual(s) who had specific intent considering the fact that it was scheduled for today (14th). A seventh sense tells me that some 'BIG PLAYERS' sensed trouble after Praet's comment (-ve depo rate) and hence prompted the leak!! That's my opinion
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Trader#C240
Nov 13, 2013 3:59pm
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is was scheduled for tomorrow.
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Trader#3719
Nov 13, 2013 4:42pm
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needed to reduce the 10-year bond but QE will decrease when it is best to wait at least market already this year
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Trader#26E7
Nov 14, 2013 12:03am
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If you are trading this on usdjpy, wait for a retracement back to 98.40 before hitting the long button. Meanwhile, eurusd is good for long at current rates targeting 1.37
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Trader#E800
Nov 14, 2013 1:19am
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Lost money in S&P because of this :/
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Trader#5001
Nov 14, 2013 2:34am
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I went short on usdjpy on monday. I'm on the verge of loosing all. What do I do as a nee trader as regards this release.
Reply

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