J. Yellen's speech: shall we sell eurodollar tomorrow?

11 July 2017

J. Yellen's speech: shall we sell eurodollar tomorrow?Dear clients,

Yellen will deliver her speech in US Congress on July 12, 2:00 pm GMT. This event is expected to add to the market's volatility, because she will provide the six month's report.

We asked a senior analyst of our company Catherin Main comment on the expectations related to this speech:

"FED's chief will introduce the six month's report to congressmen. In the second half of the year, US economy boosted its growth and that will allow J. Yellen give some positive comments. Based on this, the following positions are preferred better: Sell on EUR/USD, GBP/USD as well as Buy positions on USD/TRY, USD/CAD."

Stay tuned about the market events together with our experts!

 

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