US stocks move higher. Yields lower as Powell interview kicks off. USD lower.

US stocks have moved higher as Powell kicks off his interview with the Economics Club of Washington DC. Says that

• expects 2023 to be a year of significant declines in inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term.
• But if they were to continue to come in a stronger than expected would certainly raise rates more.

So there is something for everyone, but the stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Term is comfortable with the idea that Fed is not going to go too far.

Looking at the market at12:52 PM

• Dow Industrial Average is up 152 points or 0.45%
• S&P is up 35.37 points or 0.9%
• NASDAQ index is up 155 points or 1.32%

Looking at the yields:

• two year's at 4.422% -3.6 basis points
• five year is 3.77% -4.3 basis points
• 10 year is 3.611% -2 basis points
• 30 year is at 3.667% -0.4 basis points

Of note, the treasury auction all three year notes at the top of the hour

The US dollar is moving lower:

• EURUSD: EURUSD moves up to test the 50% of the 2023 range at 1.07558. There is a swing area between 1.0760 to 1.07755. Getting above that area would give buyers more confidence
• USDJPY: The USDJPY have moved down to test the 100/200 hour MAs. The 100 hour MA comes in at 130.41. The 200 hour MA comes in at 130.229. The low reached 130.467 on the dip. The price is back at 130.54 currently
• USDCHF. The USDCHF has also moved down to test the 200 and 100 hour MA at 0.9191 to 0.9199. The low just reached 0.9191.
• USDCAD: The USDCAD is also moving closer to the 100/200 hour MA. The 100 hour MA comes in at 1.33695. The low reached 1.33789.