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The Federal Reserve Bank: A Forex Trader s Guide

The Federal Reserve Bank: A Forex Trader s Guide
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NZD/USD: New Zealand Holiday tests bulls within familiar territory near 0 7200

Apr 26, 2021 01:11 GMTFXStreet News NZD/USD stays mildly bid after four consecutive weekly run-ups. S&P 500 Futures gain 0.15% as vaccine optimism battles trade, political challenges. ANZAC Day off in New Zealand, light calendar elsewhere highlight risk catalysts for fresh impulse. Having rise for four consecutive weeks, NZD/USD remains on the front foot around 0.7200 amid the initial Asian session on Monday. In doing so, the kiwi pair respects mildly positive risk barometers amid holidays at home. S&P 500 Futures keep Friday’s upbeat performance while staying mildly bid around 4,170. Behind the positive moves are the hopes that the faster vaccinations in the West, as well as in Israel, will help drive the global economy of the coronavirus (COVID-19)-led pandemic. Although Asian economies still struggle with the deadly virus resurgence, the US, Saudi Arabia and Russia showed readiness to help India and keeps expectations high that the world will soon overcome the virus woes.

Jerome Powell: Fed s Jerome Powell set table for Biden economy, but will he stay for dessert?

Synopsis Is it enough to earn the 68-year-old former investment banker four more years as the head of the U.S. central bank? That question will get increased attention during this, the final year of Powell s term, and the conversation may start as early as this week when the Fed chief delivers his semi-annual update on the economy in two hearings before Congress. AP Reappointing Powell would restore a bipartisan approach, as well as continue policies that, step by step, have been elevating issues Biden often cites, including advancing racial equity. Over the past year Federal Reserve Chair Jerome Powell has engineered the largest economic rescue in U.S. history, thrown a controversial lifeline to companies hard hit by the coronavirus pandemic and steered a sweeping labor-friendly revamp of monetary policy that any presidential administration would welcome.

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