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  • 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)

so finally leak is officially out!
LOL, excellent entry point to go long on USD.
was this event scheduled?
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?
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...?
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
this unfair, why isn't this event scheduled?
  •  Guest
  • | IP XX.XX.125.159
is was scheduled for tomorrow.
Yellen Says U.S. Economy Performing ‘Far Short’ of Potential
it means infinity QE
Quoting arash66110
Yellen Says U.S. Economy Performing ‘Far Short’ of Potential
it means infinity QE
Is that really a news?
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
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.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
it is difficult to guess nikkei correlation with other markets except USD/JPY.
Quoting Exodus
So maybe Nikkei will soar...?
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.
Build good relationships with others.
Senator Crapo
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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
Quoting chazzle
Senator Crapo
I wonder if he's related to Richie Incognito.
I don;t know why but, I think Yellen will suddenly turn hawkish

QE went to far, actually American QE spurred economies overseas
kiss the trend
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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
Quoting Subdude
I wonder if he's related to Richie Incognito.
LoL
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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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Lost money in S&P because of this :/
  •  Guest
  • | IP XXX.XX.246.164
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.
anyone trading nzdusd with this news?
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
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.
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.
Please check out my blog at https://from-zero-to-hero . net
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