The US dollar has moved higher as Fed chair Warsh is more hawkish in his remarks. He remains reluctant to give forward guidance, but the market is pricing and around a 46% chance of a September hike which is up from the low 30s, but not near higher levels near 60 a month or so ago.
In the video above, I take a look at the technicals of the major currency pairs versus the US dollar and also a quick look at the major US stock indices. Included is:
- EURUSD
- USDJPY
- GBPUSD
- USDCHF
- USDCAD
- AUDUSD
- NZDUSD
Along with a look at the S&P and the Nasdaq composite indices.
The breakdown of his longer than expected speech (close to 30 minutes)
This article was written by Greg Michalowski at investinglive.com.