Several Fed officials will deliver speeches in the coming days, including Chairman Powell. Traders should pay attention to their comments for clues on the outlook for monetary policy and impact on markets.
and U.S. employment data revealed a sharp slowdown in hiring activity. The large retreat in yields sent the broader U.S. dollar reeling, paving the way for a furious rally in major currency pairs such as, stocks may have room to run higher in the near term, with seasonality possibly providing an additional source of strength., bullion was subdued, unable to take advantage of the weaker U.S. dollar and falling government rates.
Any indication that the policymakers will tread carefully and refrain from hiking rates again could weigh on Treasury yields and the U.S. dollar, but support stocks and precious metals. Hawkish commentary could have the opposite effect on these assets. For a deeper dive into the catalysts that could guide markets and create volatility, be sure to check out selected forecasts put together by the DailyFX team.
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