Speech of Fed Chair Powell to Impact the Market

The chairman of the Federal Reserve, Jerome Powell will be giving speech rhetoric today at 14:00 GMT, as per the sources from the Board of Governors of the Federal Reserve System. Market participants are suggested to be alert during the speech, as it would make the market volatile. When compared with the statements made by any other members of the FED Board of Governors, the rhetoric by the chair will be making a huge impact on the market. The US dollar quotes will be positively impacted when the speech of the chair is perceived as an urge to hike rates during the next FOMC meeting.

Meanwhile, during his previous speech, Powell knocked risk assets downwards with a hawkish post. The title of the speech will be 'Central Bank Independence and the mandate: evolving views'. He is often seen easing when providing market indications and is likely to discuss the present monetary policy during the speech given today.

France Released the Industrial Production

The National Institute of Statistics and Economic Studies published the Industrial Production of France for December today at 07:45 GMT. Financial experts have forecasted it to be -0.1%. However, it was published as 2.0%. Even though it is medium-importance economic news coming from the business sector, market participants who are trading in the euro are supposed to be updated about the latest release of the indicator. It is recommended so as it is considered for evaluating the development of the euro area industrial sector.

Retail Sales of Australia to Be Declared Tomorrow

The announcement of Retail Sales in Australia is considered high-importance news coming to the consumer sector of the market this week. It will be published by the Australian Bureau of Statistics tomorrow at 00:30 GMT. Market participants who are associated with the same sector or those who are trading in the Australian dollar quotes are suggested to have a look at the latest updates in the indicator. It is recommended as change in the readings of the indicator will affect the value of the currency. Financial experts have anticipated it to be 0.2%. If there is an increase, it will be positively affecting the currency.