This week has vital scheduled economic data and commentary from FED policy makers. The biggest event which most market participants have been waiting for is president Trump’s address at the joint congress on Wednesday (01 March 2017). We didn’t see much positive reactions to the FOMC minutes and consistent hawkish speeches that have been delivered from the FED. Trump sadly announced prior to the joint congress that he won’t be making any announcements regarding his tax plan. This left me disappointed as I was expecting a speech on substantive policy specifics regarding his tax plan. His speech will be focused on Infrastructure and security spending. Market participants are now looking forward to a speech from Yellen later this week.
Today’s top tier Economic data
– A revised set of Q4 and YoY GDP data are projected to deliver some positiveness in the greenback later on during the day.
– Consumer confidence
– FOMC member Williams speech
– Goods Trade Balance
– Personal Consumption Expenditures Prices (QoQ)
Should be a good day for the greenback
– Why do bond prices fall when Interest rates rise