The Radcliffe Medal is presented annually to an individual who has had a 'transformative impact on society'. Yellen will receive hers "in recognition of her work in guiding the nationís economy", how her "guiding the nationís economy" is transformative is a mystery to me.
U can bet that their "conversation with Professor Gregory Mankiw" has been scripted and been rehearsed. Highly unlikely - no a certainty - that Gregory will not highlight such Yellen plums as "For my own part, I did not see and did not appreciate what the risks were with securitization, the credit ratings agencies, the shadow banking system, the S.I.V.ís ó I didnít see any of that coming until it happened." not so much to not embarrass Janet as not to embarrass Harvard and whose ever idea it was to chose Janet for the medal.
london red 17:06:44 GMT - 05/26/2016
im not entirely convinced either but that matters not as there has been some talk for a few days and its what the mkt believes that always matters pre event. if she avoids the subject you might get some disappointment which you could fade (11280 would be nice).
GVI Trading Room john 16:47:50 GMT - 05/26/2016
I'm not sure this is a venue where Chair Yellen is likely to speak on policy?
Discussion - Chair Janet Yellen
A conversation with Professor Gregory Mankiw, followed by the presentation of the Radcliffe Medal to Chair Yellen
1:15 p.m. EDT
GVI Trading Room john 15:36:32 GMT - 05/26/2016
Quite amazing how closely the two lines match! Bottom line not much of a bias at the moment.
Mtl JP 13:26:40 GMT - 05/26/2016
gv chartpoint 10 day 1.1234 = res
tokyo joyya 13:07:21 GMT - 05/26/2016
target 1.14 and 0.77/78
tokyo joyya 13:04:03 GMT - 05/26/2016
Mtl JP 13:02 GMT 05/26/2016
i think euro rise...maybe i am wrong long eurusd and eurgbp
Mtl JP 13:02:10 GMT - 05/26/2016
short eurdlr, risking 20-30 pips
Mtl JP 12:21:05 GMT - 05/26/2016
sl at cost +
never too prudent
Livingston nh 11:41:58 GMT - 05/26/2016
The Yellen risk - forecasting is not the Fed strong suit - less than 2 months ago Yellen shot down the "things are better" April's live and now the expectation is for UPBEAT Janet "June is Live" - or will it be "June is Jive but July is Live"
OF course, by D-Day May's Employment figures may require a quick retreat -- Climate prediction by today's weather
Mtl JP 11:31:54 GMT - 05/26/2016
SellEURUSD Entry: market and pops Target: 1.114 and lower Stop: few pips above 1.12
I am biased towards the usd
Mtl JP 11:27:06 GMT - 05/26/2016
The hope is ...
not sure who exactly hopes what chicken yellen does but stocks (SnP at 2089-ish and ytd 2105 high) are either ignoring her or they are discounting the good news read from Fed gang's eagerness to hike coz the economy is so good it can take it.
place your bet for the 20%
tokyo joyya 11:09:35 GMT - 05/26/2016
maybe gbp fall like a rocket from here
tokyo joyya 11:06:24 GMT - 05/26/2016
UK JY 09:17 GMT 05/26/2016
long again?tellme your stop?i want go long too
GVI Trading Room john 10:01:25 GMT - 05/26/2016
JY- you make an excellent point. It seems to me that many of the news algos are primitive. They don't think. They just react to keywords. Also I have noticed they don't have a memory. With the advent of AI, this will not always be so. We are in what likely will only be a short period of time when we can profit on the naivety of the robots.
Lets work together on this. Its us against the machines.
UK JY 09:17:09 GMT - 05/26/2016
Did anyone buy that gbp dip on GDP revised tiny? News algos gave a gift.
GVI Trading Room john 09:06:26 GMT - 05/26/2016
WEEKLY HIGH IMPACT NEWS: 26-May THURSDAY
12:30 US- Weekly Jobless
12:30 US- Durable Goods Orders
14:00 US- Pending Homes Sales 27-May FRIDAY
12:30 US- GDP
14:00 US- University of Michigan Survey
17:15 US- Fed's Yellen Speaks
18:00 US- Early Close for Fixed Income Markets
00:00 GB/US- Holiday
Trading Themes --
A Key focus of trading today has been crude oil, which has tested to the $50
line in both Brent and WTI. The impact is largely psychological as the correlation
trades with equities recently have broken down. One impetus for trade has been
production disruptions for Chevron in Nigeria.
The EURUSD continues to press modestly higher but so far has held below the
psychological 1.1200 line. EURUSD is up on what appears to be short-covering into long
weekends in the U.K. and U.S. The EUR is mostly higher on its crosses.
The first revision of U.K. Q16 GDP saw the yr/yr reading marked down slightly. The
two-day G7 leaders summit in Japan is under way. We expect to hear noise on forex, but
Interest is growing in the scheduled speech by Fed Chair Yellen at Harvard Friday
at 17:15 GMT. The hope is she will clarify the outlook for Fed policy heading into the
long U.S. weekend.
John M.Bland MBA co-founder global-View.com
GVI Trading Room john 20:32:59 GMT - 05/25/2016
Bias/Sentiment Late Wednesday In NY
20-day av 1.1332
Fed Funds Futures indicator roughly in line with current EURUSD spot...
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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