US Fed chair Yellen next up at the ECB forum 14 NovGenius. Someone give her a job.
- market participants should understand fwd guidance is not a certainty
I paraphrased that but that’s what she meant. Trying to justify saying 4 hikes on the cards and then ending up with one in 2016 and 1 (maybe 2) in 2017
- market participants seek more than CBs are prepared to offer
Meanwhile EURUSD continues to feel the love at 1.1724 on session highs. EURGBP 0.8952
USDJPY back down at 113.70 after failing into 114.00 where there’s large option expiry interest i’ve been highlighting.
GBPUSD trawling around 1.3100 .