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  • Squawk / Yesterday at 22:11 GMT
    Managing Director / Technical Research Limited
    New Zealand
    You don’t need a weatherman to know which way the wind blows.

    That was the message from Fed Chair Janet Yellen in her Q&A session on Friday. Rate hikes are coming; be patient and prepare.

    We will get a more detailed idea of timing when Yellen gives a prepared speech on the economy June 6. By then the key employment data for May will have been released and she will have a good idea of what her FOMC colleagues are thinking. But also important will be Tuesdays inflation update. Markets will be looking for the price index of Personal Consumption Expenditures (PCE) – the Fed’s benchmark – to start following the CPI number up the the 2% target.

    See chart below
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  • Squawk / Yesterday at 13:12 GMT
    -
    United Kingdom
    W22 technical #FX sentiment:
    #EURUSD ▼
    #GBPCAD ▼
    #EURCAD ▼
    #GBPUSD ▼ (CONTRARIAN)
    #MOFuturesFX
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  • Squawk / Friday at 17:39 GMT
    -
    United States
    Short NZDUSD at 0.6712. I will close this trade before markets close today.
    Read the Squawk
    1d
    Dan Murray Dan Murray
    Thanks Moot, have a great weekend!
    1d
    Dan Murray Dan Murray
    Stop now at 0.6695, locking in 17 pips profit. It is much more likely than not I'll be stopped out.
    1d
    Dan Murray Dan Murray
    Out at 0.6695.
  • 1d
    John Shaw John  Shaw
    Another great piece Mike. Thanks for sharing.
    The US is already closed down and the highways busy here in sunny Ohio so watch for USDCAD to slowly drift...
    1d
    Michael O'Neill Michael O'Neill
    Thanks John, enjoy your Ohio long weekend
  • 1d
    ramiresreis ramiresreis
    how is it WESTPAC predicting 1,1400 EUR/USD till next week? is it often to happen so many pips?
  • 1d
    John Roberti John Roberti
    dear Ole, do you have information regarding the restart of oil production in Alberta after the fire? thanks in advance.
  • Calendar event / Friday at 12:30 GMT

    US 2nd estimate GDP

    forecast
    actual
    Med Annual Rate, Q/Q%
    +1%
    +0.8%
    Med Chain-Weighted Price Idx, Q/Q%
    +0.7%
    +0.6%
    Med Corporate Profits, Q/Q%
    +1.9%
    Med PCE Price Idx, Q/Q%
    +0.3%
    Med Purchase Price Idx, Q/Q%
    +0.2%
    Med Real Final Sales, Q/Q%
    +1%
    Med Core PCE Price Idx, Q/Q%
    +2.1%
    Med Consumer Spending, Q/Q%
    +1.9%