De-risking ahead of Fed Chair’s Jackson Hole speech: Brent crude, AUD/JPY, EUR/USD

Market Recap Initial gains in Wall Street reversed sharply overnight, with Nvidia’s stellar results hit with a sell-the-news market reaction, as market participants de-risk ahead of Fed Chair Jerome Powell’s Jackson Hole speech later tonight. The VIX was up 7.6% as a reflection of increased hedging activities, while market sentiments (from the CNN Fear and

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Politics, Fed seen swaying Japan’s yen intervention thinking By Reuters

© Reuters. FILE PHOTO: Coins and banknotes of Japanese yen are seen in this illustration picture taken June 16, 2022. REUTERS/Florence Lo/Illustration By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -The Federal Reserve’s Jackson Hole symposium this week looms as a key risk for Japanese authorities worried that new hawkish signals from U.S. central bankers

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Consolidation to Prevail Following Whipsaw Price Action

EUR/GBP PRICE FORECAST: For Beginner Traders, Please Download Your Free Forex Guide Below Recommended by Zain Vawda Forex for Beginners READ MORE: USD/CAD Retreats Following Lackluster US PMI, Mixed CAD Retail Sales Data EUR/GBP came in for volatile price action yesterday thanks to both the Euro Area and UK PMI data releases. The pair traded

UK consumer sentiment in August rose its fastest since April

GfK consumer sentiment indicator rose to -25 in August from a three-month low of -30 in July biggest rise since April still under the survey’s average reading, since 1974, of -10 but a long way GfK comment: “While the financial pulse of the nation is still weak, these signs of optimism are welcome during this

Oil Prices Stabilize Ahead of Powell’s Jackson Hole Speech on Friday

Oil (Brent Crude) Analysis Easing US yields, USD and EIA storage data help oil recover losses Markets look ahead to Powell’s Jackson Hole speech Longer-term outlook for oil remains bullish in a tight market as USD stays elevated The analysis in this article makes use of chart patterns and key support and resistance levels. For