Federal Reserve Chair Jerome Powell Speaks Today

Federal Reserve Chair Jerome Powell Speaks Today

Investors are awaiting the Federal Reserve Chair Jerome Powell’s speech at the Economic Club of Washington for more clues about the central bank’s tightening path. At The Economic Club of Washington, D.C., David Rubenstein will interview Jerome H. Powell, Chair of the Board of Governors of the Federal Reserve System, at 19.00 GMT+2.

Generally speaking, Asian markets are feeling the heat from the sudden U.S. interest rate outlook shift following January’s freakishly strong U.S. jobs report released on Friday.

On the back of the unexpectedly strong US jobs report, the prospect of further Federal Reserve rate hikes has increased. The strong US labour data released on Friday had serious implications for Fed policy as it confirms that the Fed will have to raise rates for a longer period of time than optimistic market scenarios had priced in.

Be ready with your trading charts later today. Any change in tone or sentiment could present an opportunity to trade!

Tuesday 7th February High Impact Events

Times below are GMT+2.

  • 19.00 – US – Fed Chair Powell Speaks

Potential instruments to Trade: USD Crosses.

  • 19.30 – Canada – BoC Gov Macklem Speaks

Potential instruments to Trade: CAD Crosses.

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