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Yellen Testimony This Week Critical

Yellen Testimony This Week Critical

4 Years ago | February 07, 2016 00:00:00

John M. Bland, MBA, CTA


EURUSD Outlook Reset

My view last week that the Fed was in the process of resetting its monetary policy appeared to have been accurate. Fed voices have been using the phrase that "monetary conditions have tightened" fairly frequently recently. This is being taken as an indication that the central bank has been feeling less pressure to tighten conditions from current levels. I had mentioned in piece a week ago that I felt the EURUSD trading range was soon going to adjust higher to 1.10-1.15

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