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