Will Yellen set the dollar free?

Will Yellen set the dollar free?

From cnbc.com

The U.S. dollar has been range bound for weeks, but if Federal Reserve Chair Janet Yellen sounds more upbeat about the labor market in her testimony to Congress this week, analysts say the greenback could test recent highs against several currencies. "The U.S. dollar has been in consolidation mode. If Janet Yellen comes out sounding fairly hawkish and suggests the rate hike cycle could start in the middle of the year, the dollar could rise," said ANZ senior currency strategist Khoon Goh. The greenback has been waiting for a fresh catalyst for a month following its near 19 percent surge from September to 95.50 in ... (full story)

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Comment #1
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Feb 24, 2015 6:22am Feb 24, 2015 6:22am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 1595 Comments

I don't know. Will she have her house painted? If she did, her house would have a freshly painted appearance.

Geez! CNBC is sure scraping the bottom of the barrel to "honor" us with their news "commentary".

Will she, cnbc? Why not just be quiet, wait, watch, listen and learn,....along with any others wishing to waste their time over it. That is much better for all, then for you to be inflicting your meaningless ramblings on the public.

Comment #2
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Feb 24, 2015 6:35am Feb 24, 2015 6:35am

stormtrader
Joined Nov 2008 | Status: Member | 57 Comments

Spot on TAH...as usual

Comment #3
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Feb 24, 2015 6:38am Feb 24, 2015 6:38am

mbahbejo
| Joined Feb 2015 | Status: pedagang terbaik | 24 Comments

yellen need oil price more then 60, immpossible to increase rates soon. or oil will down under 20.

Comment #4
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Feb 24, 2015 7:03am Feb 24, 2015 7:03am

Guest
| IP XXX.X.196.170

I believe the political factors, namely Ukraine subject and pressure thats been put on Russia will play a role in the timing of the rates...

Comment #5
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Feb 24, 2015 7:03am Feb 24, 2015 7:03am

okie dokie
| Joined Nov 2011 | Status: Member | 90 Comments

perhaps she will turn dovish this time?

Comment #6
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Feb 24, 2015 7:17am Feb 24, 2015 7:17am

Ill-b-back
Joined May 2011 | Status: Get to the Chopper | 3897 Comments

I doubt it will make any significant difference as the same message since the times of her predecessor in 2013 will continue to be rolled out

Come with me if you want to live....

Comment #7
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Feb 24, 2015 7:25am Feb 24, 2015 7:25am

maxi444
Joined Jan 2012 | Status: Member | 1 Comment

her report 1/28/2015 was...dovish, of course the Euro was just low, good to trade, let s see

Comment #8
Quote
Feb 24, 2015 8:11am Feb 24, 2015 8:11am

takytto
| Commercial Member | Joined Jan 2013 | 511 Comments

usdjpy

usdjpy 125.00 will be possible this week?

or in the next few weeks....................................

Comment #9
Quote
Feb 24, 2015 9:09am Feb 24, 2015 9:09am

Guest
| IP XXX.X.38.189

AUDUSD is rallying right now and will break higher after yellen speech later today, dollar crash is about to happen very soon !

Story Stats

Posted: Feb 24, 2015 6:12am
Submitted by:
Newsstand

Category: Fundamental Analysis

Comments: 9 / Views: 4,242
Linked event:
USD Fed Chair Yellen Testifies