Forex Signals Brief for Sep 21: Fed Chair Powell Speaks
The greenback slid, Japanese yen and Chinese yuan spanned Asia's currencies slightly higher during the early Asian session today. The trader

US Market Wrap
The greenback slid, and the Japanese yen and the Chinese yuan spanned Asia’s currencies slightly higher during the early Asian session today. The traders are now focusing on the US Federal Reserve speeches later today and during the week. They will also be banking on Chinese government bonds forming in a global index.
The single currencies, euro and sterling, crawled toward the top ranges, which they have held for several weeks, with the single currency euro trading at $1.1867 and the GBP at $1.2958.
The yen seems to have gained new ground, prolonging a week of substantial gains, amid fears regarding the global economic forecast and possibly a variation in the yen’s drivers, as central banks bound rates at or below zero.
The Data Agenda
This week, the market is likely to offer us a series of speeches from US central bankers. Later today, US Federal Reserve Chair Jerome Powell is due to speak, via satellite, about rule-making for the Community Reinvestment Act, along with the rest of the FOMC board members.
The German Buba Monthly Report is due to come out during the European session. It contains relevant articles, speeches and statistical tables, and it provides a detailed analysis of current and future economic conditions from the bank’s viewpoint.
FOMC Member Brainard’s speech will also be in focus, but it will not have a very high impact, and it could be overshadowed by the remarks of Federal Reserve Chair Jerome Powell.
Forex Signal Update
The FX Leaders Team hit three winners from four trades, as the guys put together a solid week of results.
EUR/USD – Pending Signal
Trading in the EUR/USD has been bullish, surging to the triple top resistance level of 1.1869; above this, the pair may go after a strong resistance area at the 1.1902 level.
USD/CAD – Live Signal
The USD/CAD pair is supported over a double bottom support level of 1.3170, and it is likely to remain bullish over this level. It could extend buying until 1.3105; therefore, we have opened a buy trade to capture a quick 40 pips.
Cryptocurrency Update
BTC has been knocking on the door of the $10,992 level, but as yet, it has not really looked like challenging it in any meaningful way.
We saw some slight moves on Monday, during the Asian session, but the symmetric triangle pattern is still keeping it under pressure. A bullish breakout at the 10,992 level could extend the buying trend until the 11,160 level today.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Related Articles
Comments
Sidebar rates
HFM
Related Posts
Doo Prime
XM
Best Forex Brokers
