Open trading account 
Despite Yellen’s uncolored words, the euro was not able to take advantage of it against the dollar. The 1.0621/39 level keeps ceiling the exchange rate and the more likely scenario should be a fall till the weekly S1 at 1.0511.
Sterling lost some steam after worst than expected core CPI YoY, at 1.8% off from a 1.9% forecast and also below 2.0% recorded in February.
The yen is higher against the dollar. Massive capital inflows from foreign bond and stocks selling reported last week and a better than expected trade balance surplus reported this week is boosting the currency.
Fed Chair Yellen said yesterday that the US has “a healthy economy now”. Though, no new hints about a higher than expected rate hikes pace for this year, either a hint committed with June’s likelihood for the 2nd hike this year. No news about the dollar, good news for the bullion, that is higher today at 1045 GMT 0.34% or 430 pips from yesterday’s close.
Dukascopy’s morning press review suggestions are always a good reading. So, I leave here extracts of one article that caught my attention released on SPIEGEL ONLINE about the German elections later this year:
I finalize my daily post quoting the Greek philosopher Socrates about “change”. Maybe a good tip for Europe after Brexit.
Sterling lost some steam after worst than expected core CPI YoY, at 1.8% off from a 1.9% forecast and also below 2.0% recorded in February.
The yen is higher against the dollar. Massive capital inflows from foreign bond and stocks selling reported last week and a better than expected trade balance surplus reported this week is boosting the currency.
Fed Chair Yellen said yesterday that the US has “a healthy economy now”. Though, no new hints about a higher than expected rate hikes pace for this year, either a hint committed with June’s likelihood for the 2nd hike this year. No news about the dollar, good news for the bullion, that is higher today at 1045 GMT 0.34% or 430 pips from yesterday’s close.
Dukascopy’s morning press review suggestions are always a good reading. So, I leave here extracts of one article that caught my attention released on SPIEGEL ONLINE about the German elections later this year:
Finance Minister Wolfgang Schäuble and his counterparts in other EU member states are insisting on further austerity measures [for Greece].
(...)
Foreign Minister Gabriel sees two reasons why it is time for his party to assert itself when it comes to Europe. [First] he believes it was a mistake to cede European policy to Merkel (...) [and second because he] believes the mood is changing in the country, especially now that thousands of people are marching every weekend in pro-EU demonstrations across Germany and Europe.
(...)
Since his nomination, Schulz has been reserved when it comes to European policy in order to increase his profile on domestic issues. Gabriel, meanwhile, as a cabinet member, is leading the charge against the finance minister. "When Schäuble says 'money alone is not enough,' I counter by saying: 'Austerity alone also isn't enough,'" Gabriel says.
(...)
Foreign Minister Gabriel sees two reasons why it is time for his party to assert itself when it comes to Europe. [First] he believes it was a mistake to cede European policy to Merkel (...) [and second because he] believes the mood is changing in the country, especially now that thousands of people are marching every weekend in pro-EU demonstrations across Germany and Europe.
(...)
Since his nomination, Schulz has been reserved when it comes to European policy in order to increase his profile on domestic issues. Gabriel, meanwhile, as a cabinet member, is leading the charge against the finance minister. "When Schäuble says 'money alone is not enough,' I counter by saying: 'Austerity alone also isn't enough,'" Gabriel says.
I finalize my daily post quoting the Greek philosopher Socrates about “change”. Maybe a good tip for Europe after Brexit.
