{"id":340566,"date":"2024-07-09T16:34:01","date_gmt":"2024-07-09T11:04:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=340566"},"modified":"2024-07-09T16:34:01","modified_gmt":"2024-07-09T11:04:01","slug":"powell-takes-the-stage-ing-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/powell-takes-the-stage-ing-crypto-news\/","title":{"rendered":"Powell takes the stage \u2013 ING &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>The dollar has been modestly stronger since the start of the weekend\u00a0but there was nothing close to an earthquake in markets following the French election result, and FX volatility has continued to fall from its mid-June peak, ING\u2019s FX strategist Francesco Pesole notes.<\/p>\n<h2 class=\"fxs_headline_medium\">DXY hovers around 105.00 ahead of the CPI report Thursday<\/h2>\n<p>\u201cToday\u2019s highlight is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\" data-fxs-autoanchor=\"\">Federal Reserve<\/a> (Fed) Chair Jerome Powell\u2019s testimony to the Senate, which will be replicated in the House tomorrow. It won\u2019t be easy to extract relevant policy comments amid the often not so relevant questions by policymakers, and the\u00a0market impact will be concentrated around the release of opening remarks.<\/p>\n<p>\u201cWe stand by our view that if there is any deviation from the recent narrative, it should be on the dovish side, as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/jerome-powell-speech-preview-fed-chair-testifies-in-us-congress-as-markets-look-for-clues-over-rate-cuts-202407090900\" data-fxs-autoanchor=\"\">Powell<\/a> might see the June Dot Plot revisions as too hawkish and want to fine-tune communication on the back of recent data.\u201d<\/p>\n<p>\u201cOn the data side, we\u2019ll keep a close eye on June\u2019s NFIB Small Business Optimism index\u00a0and on the hiring plans index, which tends to lead the month-on-month change in private payrolls by three months. We see DXY hover around 105.00 into the CPI risk event on Thursday, with any dovish surprises from Powell potentially being offset by EU political concerns.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The dollar has been modestly stronger since the start of the weekend\u00a0but there was nothing close to an earthquake in markets following the French election result, and FX volatility has continued to fall from its mid-June peak, ING\u2019s FX strategist Francesco Pesole notes. DXY hovers around 105.00 ahead of the CPI report Thursday \u201cToday\u2019s highlight [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19839,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,459,366,2321,255,250,252,247,253,249,256,254],"class_list":["post-340566","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-dollarindex","tag-fed","tag-fundamental-analysis","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=340566"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340566\/revisions"}],"predecessor-version":[{"id":340567,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/340566\/revisions\/340567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/19839"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=340566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=340566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=340566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}