Several Fed speakers are lined up to appear on CNBC before KC President George officially opens the annual JH event, but markets are waiting in anticipation for Chair Powell to deliver his speech on the economic outlook for any clues on further progress towards the substantial benchmark for igniting the taper that might come at September’s FOMC.
Hence, the Buck looks pretty bunkered and in familiar ranges vs most G10 rivals, while the index continues to hold a relatively tight line around 93.000 following its break down from Monday’s loftier levels.
Indeed, the DXY only managed to match its midweek best despite the hawkish momentum provided by Bullard and Kaplan yesterday, as attention turns to multiple US data points.
Meanwhile, technical and mega option expiry interest appear set to keep the Euro in check given another probe, but no sustained breach of the descending 21 DMA (1.1766 compared to 1.1772 on Thursday) and 2.1 bn rolling off between 1.1765-75 for the NY cut.
Hence, the Buck looks pretty bunkered and in familiar ranges vs most G10 rivals, while the index continues to hold a relatively tight line around 93.000 following its break down from Monday’s loftier levels.
Indeed, the DXY only managed to match its midweek best despite the hawkish momentum provided by Bullard and Kaplan yesterday, as attention turns to multiple US data points.
Meanwhile, technical and mega option expiry interest appear set to keep the Euro in check given another probe, but no sustained breach of the descending 21 DMA (1.1766 compared to 1.1772 on Thursday) and 2.1 bn rolling off between 1.1765-75 for the NY cut.