Open trading account
Fed-speak returns in the hours ahead, with scheduled remarks from central bank branch.
Policymakers have maintained a cautiously hawkish tone, with several noting that boosting fiscal stimulus – a central part of President-elect Trump’s platform – would probably speed up the withdrawal of monetary support.
Expectations for fiscal stimulus mean higher inflation and more rate hikes. This week's retail sales also added confidence for a rate hike. We now get the final nail: inflation data.
EURUSD:
The EURUSD pair resumes its negative trading to start testing 1.0700 barrier, which supports the continuation of the expected bearish trend scenario for the upcoming period
USDJPY:
The USDJPY pair continues to rally bullishly to breach 109.00 barrier and close the daily candlestick above it, which supports the continuation of the bullish trend on the short term basis
Policymakers have maintained a cautiously hawkish tone, with several noting that boosting fiscal stimulus – a central part of President-elect Trump’s platform – would probably speed up the withdrawal of monetary support.
Expectations for fiscal stimulus mean higher inflation and more rate hikes. This week's retail sales also added confidence for a rate hike. We now get the final nail: inflation data.
EURUSD:
The EURUSD pair resumes its negative trading to start testing 1.0700 barrier, which supports the continuation of the expected bearish trend scenario for the upcoming period
USDJPY:
The USDJPY pair continues to rally bullishly to breach 109.00 barrier and close the daily candlestick above it, which supports the continuation of the bullish trend on the short term basis
