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Daily Markets Broadcast 2019-01-11

Daily Markets Broadcast

2019-01-11

Wall Street loves Powell

In a speech last night, Fed Chairman Powell reiterated that the central bank could afford to be patient and flexible and wait to see how global events impact the US economy before acting on interest rates. This fueled the fifth day of gains on Wall Street, though not all sectors advanced.

US30USD Daily Chart

[1]

Source: OANDA fxTrade

DE30EUR Daily Chart

[2]

Source: OANDA fxTrade

AU200AUD Daily Chart

[3]

Source: OANDA fxTrade

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Andrew Robinson

Andrew Robinson [6]

Senior Market Analyst at MarketPulse [7]
A seasoned professional with more than 30 years’ experience in foreign exchange, interest rates and commodities, Andrew Robinson is a senior market analyst with OANDA, responsible for providing timely and relevant market commentary and live market analysis throughout the Asia-Pacific region. Having previously worked in Europe, since moving to Singapore he worked with several leading institutions including Bloomberg, Saxo Capital Markets and Informa Global Markets, proving FX strategies based on a combination of technical and fundamental analysis as well as market flow information. Andrew began his career as an FX dealer with NatWest and the Royal Bank of Scotland in the UK.
Andrew Robinson

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