What should I look for to determine whether a bank is feeling hawkish or dovish? What are the clues the CBs are saying, key points in the speech.
Monetary policy, inflation check, GDP growth, global uncertainties, trade, economic sectors, etc…
That’s a hard question, mate. People like Powell and his friends really care about his speeches, avoiding panic in markets. They show up his movements through soft words leaving each one do your own interpretation.
Maybe a good tip would be don’t worry about that. All the market will follow his movements almost instantly and you will see this in your chart. Just keep listenning his speeches if you can and along time you will know what to pay attention and what not.
You shouldn’t worry about that IMHO.
If this is a question you’re asking, don’t trade the news.
Why not follow some key brokers or analysts, they know what to look for, and normally report as such, connecting the dots. I would read the news for a while, and then see how the markets react to certain things happening, not happening. Figuring that out all on your own will take much longer.
@mtb_rex Could you recommend some that you usely read, please?
The beginner's guide to FX trading