US: Fed Speakers Still on Tap
- Mar-31 1500 NY Fed Williams, eco outlook at community college, text, Q&A
- Mar-31 1745 Fed Gov Cook, eco outlook/mon-pol, Midwest Economics Assn
- Mar-31 2200 Fed Gov Waller re: Phillips curve, text, no Q&A
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US: MNI INTERVIEW: Fed Must Do More To Get On 2% Price Path-ISM
MNI spoke with the head of the ISM factory survey about the industry's outlook, the Fed and pricing power. On MNI Main Policy Wire now, see sales@marketnews.com for details.
US: FED Reverse Repo Operation
NY Fed reverse repo usage recedes to $2,133.950B w/ 100 counterparties vs. prior session's $2,188.035B. Compares to Friday, Dec 30 record/year-end high of $2,553.716B (prior record high was $2,425.910B on Friday, September 30.
NY Federal Reserve/MNI
GBPUSD TECHS: Outlook Remains Bearish
- RES 4: 1.2269 High Feb 14
- RES 3: 1.2244 61.8% retracement of the Jan 23 - Feb 17 bear leg
- RES 2: 1.2182 High Feb 15
- RES 1: 1.2147 High Feb 21
- PRICE: 1.2011 @ 15:49 GMT Mar 1
- SUP 1: 1.1915 Low Feb 17 and key short-term support
- SUP 2: 1.1842 Low Jan 6 and a reversal trigger
- SUP 3: 1.1790 2.0% 10-dma envelope
- SUP 4: 1.1764 Low Nov 17
GBPUSD trend conditions remain bearish despite this week’s bounce and resistance remains intact. A break of 1.1915, the Feb 17 low would confirm a resumption of the bear leg and expose key support at 1.1842, the Jan 6 low. Clearance of this important price level would highlight a broader reversal threat and a potential double top reversal pattern. Key short-term resistance is seen at 1.2147, the Feb 21 high.
