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GBP/USD poised for potential breakdown after fall to key level

August 22, 2017 4:49 PM
The US dollar rebounded on Tuesday morning, ahead of the highly anticipated speech by Fed Chair Janet Yellen at the Jackson Hole Symposium towards the end of the week, helping push the already heavily-pressured GBP/USD to fall towards a major support level at 1.2800. After closely approaching this key level on Tuesday morning, the currency pair pare...

EUR/USD extends downturn amid weak Eurozone data, hawkish Yellen testimony

February 14, 2017 6:47 PM
EUR/USD continued to fall on Tuesday, extending the downturn that has been in place since the beginning of the month, amid a slew of less-than-encouraging economic data emerging from the Eurozone and the beginning of US Fed Chair Janet Yellen’s two-day testimony before the US Congress.

Yellen confirms Fed rate hike expectations, further boosting dollar

November 17, 2016 5:50 PM
Several Federal Reserve officials have recently stressed the need for and likelihood of a Fed interest rate hike in December. But perhaps the strongest affirmative indication came on Thursday, when Fed Chair Janet Yellen said in testimony before the Joint Economic Committee of Congress that such a hike would be "appropriate relatively soon."