Get Ready for Federal Reserve Chair Powell’s Speech during the Asian Day Session | Forexlive

I’ve previously shared updates about Fed Chair Powell’s upcoming speech since Thursday and the weekend. In case you missed it, here’s a recap: Powell participated in an interview on Thursday for the US TV show 60 minutes. He was asked about inflation risks, the economy, the timing for rate cuts, and more. The interview will be broadcasted at 7pm US Eastern time, which is midnight (0000) GMT.Asia FX will be active during the interview, with the time being 11am in Sydney, 9am in Tokyo, and 8am in Singapore, Hong Kong, and Shanghai. Globex will be open for the Sunday evening session. While I don’t expect any surprises, Powell’s clear statement on no rate cuts in March during his Wednesday speech should still be considered. However, his upcoming remarks could influence market movements and please at least the scalpers. As mentioned, the interview was recorded before the significant jobs report. Did Powell have access to the numbers? Could this be the reason for ruling out a March rate cut on Wednesday?

Author: OpenAI