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Yellen's Day #2

Stay tuned and keep your fingers on the triggers
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Daily FX wrap Wed, 10 Feb 2016

Worse manufacturing production released earlier in Wednesday's session was totally neglected by Pound as weakness in production was priced-in by markets already.
Some gaining on Cable in early London session was induced by USD weakness due profit taking before Yellen testimony.
Fed's prepared statement speech and Q&A session was rather neutral. Fed in wait-and-see data-depended mode. But rate hike in March possibility diminished to 2%, according to fed fund futures.
Crude oil inventories unexpec…
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Trading ideas for Wednesday, 10 Feb 2016

Regardless of strong volatility on financial markets for last 2 days, actually Wednesday, is a first active day on FX this week.
In early London session we have a bunch of Industrial/Manufacturing production data across the Europe. Most notable is UK Manufacturing production data, which may add pressure to pound if came out below consensus.
But all eyes to first half of NY session where we have much more important event - Fed Chair Jannet Yellen monetary policy testimony before Joint Economic Co…
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