Share: Fed Chairman Powell’s set-piece speech at the Jackson Hole central bank gathering is the focal point for markets today. Economists at Scotiabank analyze USD outlook ahead...
Share: Gold holds steady above $1,910 ahead of Fed Chair Powell’s opening remarks at Jackson Hole. Economists at TD Securities analyze the yellow metal’s outlook. A...
Share: Powell’s hawkish tone on inflation and potential for further rate hikes propels USD/CAD to a three-month high of 1.3640, currently trading at 1.3613. Philadelphia Fed’s...
Share: Powell’s hawkish tone on inflation and rate hikes sends USD/JPY whipsawing, eyeing a test of the year-to-date high of 146.56. Despite signs of disinflation, Powell...
Share: The recent rebound in the US Dollar is not expected to extend as Greenback will no longer benefit from interest rate differentials, economists at Credit...
Share: Powell warns inflation remains “too high,” signaling potential for more aggressive rate hikes to bring it down to 2%. Despite two months of positive data,...
Share: AUD/USD declined sharply following the surge in worries related to the Chinese real estate sector and financial stability. Economists at Danske Bank analyze the pair’s...
Share: DXY climbed 0.18% to 104.197 after Powell’s hawkish remarks, signaling a stronger dollar against a basket of six major currencies. CME FedWatch Tool indicates a...
Share: S&P 500 made first weekly gain of August after three straight weekly declines. China halves stamp duty on stock trading, sending market higher. Inflation data...
Share: GBP/JPY trades lower around 185.60 on the back of upbeat Japan’s retail data. Pound Sterling (GBP) could experience gains due to the BoE’s support for...
Share: AUD/USD has slipped below 0.6750, however, the downside seems favoured. The Fed is expected to raise interest rates by 25 bps to 5.25-5.50% as core...
Share: European Central Bank (ECB) Governing Council member Klaas Knot said on Tuesday, rate hikes beyond July are likely but not certain. Additional quotes It looks...
Share: Early Tuesday morning in Asia, at 01:30 GMT, the Reserve Bank of Australia (RBA) will release its minutes of the latest monetary policy meeting held...
Share: Reserve Bank of Australia (RBA) Governor Philip Lowe is speaking on “The Reserve Bank Review and Monetary Policy” at the Economic Society of Australia Business...
Share: In a statement on Tuesday, the International Monetary Fund (IMF) said that its directors “welcomed the Bank of England’s (BoE) policy response to arrest inflation...
Share: In an interview with La Provence on Friday, European Central Bank (ECB) President Christine Lagarde said, “we still have work to do to bring inflation...
Share: The Dow Jones Industrial Average gained 2% last week. The DJIA index retreats 0.2% on Wednesday morning. FOMC minutes for June 13-14 meeting arrive Wednesday...
Share: Gold price fails to preserve its modest intraday gains and hangs near a multi-month low. Hawkish major central banks continue to act as a headwind...
Share: Gold price attracts some buyers during the Asian session, albeit lacks follow-through. Bets on more rate hikes by the Federal Reserve underpin the US Dollar...
Share: Nvidia appears to be preparing for a pullback at the moment. NVDA is still trading in overbought territory on the RSI. Fed Chair Powell’s testimony...