Speeches of Powell and Biden

14.01.2021

Today’s highlights are slated for the afternoon with Joe Biden and Jerome Powell speaking in the States. The President-elect should announce new anti-crisis programs. Last week, Biden pledged to stimulate several trillion dollars. Details have to be announced today. Last month, the leader of FRF highlighted the need for fiscal stimulus. Against this backdrop, he may express support for the new president.

This is a negative signal for the dollar, since an increase in the money supply will have a negative effect on the US currency rate.

Investment idea: Buy 1.2137 / 1.2120 and take profit 1.2210.