Share: S&P 500 lost 2.11% last week, bringing the August decline to 4.8% S&P 500 index broke below the 50-day SMA last week. Nvidia’s quarterly earnings,...
Share: Federal Reserve Bank of Richmond President Thomas Barkin said on Tuesday that the Fed needs to achieve the 2% inflation target to ensure its credibilitiy, per...
Share: “If inflation remains high and demand gives no signal it is likely to drop, that would require tighter monetary policy,” Federal Reserve Bank of Richmond President Thomas...
Share: People’s Bank of China (PBoC) set the USD/CNY central rate at 7.1988 on Wednesday, versus the previous fix of 7.1992 and market expectations of 7.3050. It’s worth noting that...
Share: USD/JPY remains depressed at intraday low, down for the second consecutive day. US Treasury bond yields, JGB coupons fade previous strength amid cautious optimism. Upbeat...
Share: AUD/USD jumps the most in August after yields slump, sentiment improves ahead of more US data, Jackson Hole event. Overall downbeat PMIs renew policy pivot...
Share: US Dollar Index stabilizes after posting the biggest daily loss in three weeks. Anxiety ahead of top-tier data, events challenge bond buyers, DXY sellers. Downbeat...
Share: People’s Bank of China (PBoC) set the USD/CNY central rate at 7.1886 on Thursday, versus the previous fix of 7.1988 and market expectations of 7.2791. It’s worth noting...
Share: European Central Bank (ECB) policymaker and Croatian National Bank Governor Boris Vujčić crossed wires via Bloomberg TV interview as he appeared at the Jackson Hole...
Share: US Dollar Index takes the bids to refresh 11-week high after rising the most in a month the previous day. Mostly upbeat US data, hawkish...
Share: Market sentiment remains dicey as traders await key central bankers’ speeches. S&P 500 Futures struggle for clear directions after falling the most since December 2022...
Share: Fed Chairman Jerome Powell will deliver a speech on the US economic outlook at the Jackson Hole Symposium. Powell’s comments on monetary policy and interest...
Share: Federal Reserve Bank of Philadelphia President Patrick Harker told Bloomberg on Friday that he doesn’t see the need now for additional rate increases but added...
Share: Cleveland Federal Reserve President Loretta Mester told CNBC on Friday that they probably have some more work to do with rates, per Reuters. Additional takeaways...
Share: European Central Bank (ECB) President Christine Lagarde stated on Friday that critical inflation expectations remain anchored at 2%. She emphasized the importance of these expectations...
Share: European Central Bank President Christine Lagarde spoke at the Jackson Hole Symposium. In her speech, she mentioned that the fight against inflation “is not yet...
Share: European Central Bank (ECB) Governing Council member Martins Kazaks stated in an interview with Bloomberg on Friday that a pause in the interest rate hike...
Share: The Pound Sterling (GBP) faces an intense sell-off due to the widening consequences of a historically aggressive rate-tightening cycle by the Bank of England (BoE)....
Share: Loretta J. Mester, president of the Federal Reserve Bank of Cleveland said on Friday in an interview with Bloomberg, that they need to see a...
Share: EUR/USD edges higher after snapping two-day downtrend at 11-week low. Euro ignores German exporters’ pessimism amid hawkish comments from French FinMin. US Dollar fails to...