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GuardianTrustFX
Mar 19, 2014 at 20:14
#EURUSD down it goes
The pair is already losing more than a cent while Yellen’s press conference continues to give (bigger) wings to the greenback. Amongst the salient points, the Fed’s Chairwoman reiterated that QE would be finished by fall and that there is still a lot to do regarding jobs and inflation, emphasizing the need for highly accommodative policy. Yellen also said that despite the unemployment rate is a good indicator, it may not be effective enough and that is why further information is needed. The Committee also expects that weather-induced results would be diminishing in the near term.
#GuardianTrustFX
Yellen saved a few #EURUSD short-sellers and saved lots of Hedge Funds that were long #USDJPY we cannot denied, she does know how to make it happen for the dollar!
The pair is already losing more than a cent while Yellen’s press conference continues to give (bigger) wings to the greenback. Amongst the salient points, the Fed’s Chairwoman reiterated that QE would be finished by fall and that there is still a lot to do regarding jobs and inflation, emphasizing the need for highly accommodative policy. Yellen also said that despite the unemployment rate is a good indicator, it may not be effective enough and that is why further information is needed. The Committee also expects that weather-induced results would be diminishing in the near term.
#GuardianTrustFX
Yellen saved a few #EURUSD short-sellers and saved lots of Hedge Funds that were long #USDJPY we cannot denied, she does know how to make it happen for the dollar!
