🌈🌈Good morning! Have a nice day!
+ Check out the news of the past 24 hours:
1️⃣ GBPUSD continues to have a chance to go up thanks to the
hearing of the Fed Chairman
- GBP is in a good position to increase in
value because Mr. Powell has the potential to weaken the dollar. Yohay Elam, Analyst at FXStreet commented:
“While investors prefer a faster than the normal economic opening, the UK
government's 4-month conservative exit plan has been well received by the
market. , seems convinced that the
current blockade is final. Furthermore,
the program received broad support from the public, the opposition, the medical
community - and also from the Ministry of Finance. ”
British Pound also received support from labor
data. While the unemployment rate rose
to 5.1% in December, that has met expectations.
On the other hand, wage growth increased by 4.7% (annually) and the number of requests for unemployment benefits decreased by 20,000 in January,
also exceeding estimates.
2️⃣ Notable facts and economic data today, Reserve Bank of New
Zealand will announce the interest rate decision and is expected to stand
still. After that, the President of the
Reserve Bank of New Zealand Orr will hold a press conference.
- At tonight, the Governor of the Bank of England
Bailey, Deputy Governor Broadbent, Trustees Frieger, and Haskell delivered
speeches in the House of Representatives on hopes of economic recovery and
policy options. arouse.
- tonight, Fed Chairman Powell attended an
online hearing held by the US House of Representatives Financial Services
Commission to give testimony on the semi-annual monetary report.
Tonight, Fed Governor Brainard delivered a
speech on full responsibility for the Fed.
In the early hours of Thursday morning, Fed Vice Chairman Clarida will
also, deliver a speech, investors should pay close attention to the statements
of these Fed officials.
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