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Today. We had some substantial moves in fx. Janet yellen, she has moved markets. It is still a big focus for equity markets as well. Lets get a first look. Futures shrugging off those geopolitical concerns. They are isolated on russia at the moment. The ftse 100 up about 0. 1 . The dax pretty much dead flat. Boring on the equity benchmarks in europe. China confirms what we already knew. A slowdown in china. The currency having its worst week in 20 years. That is what everybody is talking about. Euro dollar, 1. 3768. Look at this. Euro is having its worst week since january. Down 1 against the dollar. Nothing to do with the ecb. They may well be very thankful for Janet Yellens words. Was it a slip . Did she mean to say that a considerable amount of time means six months after qe ends . Four fed speakers look out for every single word they say. That is their opportunity to backtrack from Janet Yellens words. That is your number one focus today. Thank you so much, Jonathan Ferro with the

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