A firm Dollar awaits Fed’s Powell

Share: All eyes are on the Kansas City Fed’s Jackson Hole Symposium. On Friday, ECB’s Lagarde and the Fed’s Powell will speak. During the Asian session, the Tokyo Consumer Price Index is due. Later in the day, a new reading of German GDP and the IFO survey will be released, and later the

USD/JPY Claws Back Up, Jackson Hole Focus Trumps Durable Goods Weakness

USD/JPY Analysis and Charts USD/JPY took back some of the previous session’s weakness Weak Durable Goods Orders had only a modest effect on the pair Investors are focused on what Jerome Powell has in store for them Recommended by David Cottle How to Trade USD/JPY The United States Dollar still finds buyers against the Japanese

Australian PMI Data Not Much Better

Australia’s manufacturing industry has been in decline for six consecutive months, a situation which is still ongoing. The manufacturing PMI declined slightly from 49.6 in July to 49.4 in August. Expectations were low due to reduced new orders, resulting in reduced production and no indication that global demand is picking up. Deflation and economic failure

US Treasury sells $8 billion of indexed 30 year bonds at a high yield of 1.97%

The U.S. Treasury sold $8 billion of indexed TIPS bonds at a high yield of 1.97% Bid to cover came in at 2.42X versus 2.38X last Tail: +2 bps Dealers 4.3% versus 9.9% previously Directs: 19.6% versus 14.1% last Indirects 76.2% versus 76.7% last. Strong domestic demand for the auction لینک منبع : هوشمند نیوز

Rand (ZAR) Slides Despite BRICS Expansion Plans, A Temporary Blip?

USD/ZAR PRICE, ANALYSIS AND CHARTS: USD/ZAR Rises Despite BRICS Expansion Plans, Dollar Bulls Return. BRICS Bloc Has Extended an Invitation to 6 Countries to Join the Bloc with Saudi Arabia the Surprise. The BRICS Bloc Has Bold Ambitions but a Lot of Work Lies Ahead to Bring the Vision to Reality.The First Steps are Definitely

What is a BRICS currency, and could one be adopted? By Reuters

© Reuters. Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS By Rachel Savage JOHANNESBURG (Reuters) -Brazil’s President called on Wednesday for the BRICS nations to create a common currency for trade and

Fed has probably done enough with policy

Share: In an interview with CNBC on the sidelines of the Jackson Hole Symposium, “right now I think that we’ve probably done enough and with monetary policy in a restrictive stance” Federal Reserve Bank of Philadelphia President Patrick Harker said. Key takeaways “Fed must deal with inflation and is dealing with it.” “Fed will need to