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Hawkish FED Sends the USD Higher

The FED mob is loose this afternoon (European time) with Yellen having a chat with the new administration. The thing we all were worried to death about was whether she would keep her job. 

We´re all happy to hear now that Yellen will work side by side with Trump until her course is due…, in about a year. So, one less thing to worry about. 

The other issues covered are as follow: 

– Wages have gone up but not dramatically

– She can´t say whether a rate hike is coming in March or in June 

– Doesn´t want to decide on interest rates based on fiscal policy speculations 

Lockhart and Kaplan are also making hawkish comments saying that it would be logical to step off the gas pedal on monetary easing.

This is hawkish stuff, even though they are trying to hide it so the markets don´t build up on expectations. We will explain all these points tomorrow, but with the Buck 50-60 pips higher across the board you get the message.  

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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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