Today, the main event is likely to be a speech by Fed Chair Yellen before the World Affairs Council of Philadelphia, where she is expected to speak about global conditions. Given that Yellen already expressed her view on rate hikes last week, when she said that a hike “would probably be appropriate” in the coming months, we don’t expect any significant deviation from that remark. She is most likely going to reiterate that rate increases may be warranted in the near-future depending on the quality of incoming data. Following the very soft employment report for May though, we believe that the likelihood for a summer action has declined notably and thus, we will maintain our view that June may be too early for the Committee to act. If you trading eurusd, this analysis may be useful....
The effect NFP released Friday about eurusd: (Click and Play)
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