Yellen stuck between rock & hard place, bearish view on EUR/USD – IG

A day ahead of Yellen speech at Jackson Hole Symposium, IG’s Josh Mahony informs Tip TV viewers the chief of the world’s most powerful central bank is stuck between a rock and a hard place. Mahony says, Yellen is unlikely to come out massively dovish at the same time does not have enough room to hint at a rate hike.

Mahony’s take is appealing given the Fed would not want to play the spoil sport ahead of elections by hinting at a rate hike not would it want to signal a complete U-turn from policy tightening path.

Following a discussion on Yellen, Mahony goes on to present his view on currency markets. The segment is worth watching as Mahony is the first of many experts we have had recently who is able to call a direction on EUR/USD at the current juncture. Mahony is joined by Alessio Rastani from Leading Trader and Mike Ingram, Strategist at BGC Partners.