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 Patrick Harker adds fuel to the fire, stating rates are already restrictive and may need to rise further if inflation stalls. Lackluster Canadian retail sales data at
> A review of the market prices after the Fed Powell speech Fed Powell speech sends USD lower initially, but moving back higher in up and down trading EURUSD 1.0812 USDJPY 1.4608 GBPUSD 1.2611 USDCHF 0.8851 USDCAD 1.3600 AUDUSD 0.6417 NZDUSD 0.5918 US interest rates: 2 year yield 5.058% 10 year yield 4.235% 30 year
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Share: The Dollar has strengthened into the Jackson Hole Symposium and economists at ING think a hawkish tone by Fed Chair Powell is now largely priced in Powell’s hawkishness looks largely in the price The recent firmness in the Dollar probably factors in some of the markets’ expectations for a hawkish tone by
Article by IG Senior Market Analyst Axel Rudolph FTSE 100, DAX 40, S&P 500 Analysis and Charts FTSE 100 on track for the first week of gains in a month The FTSE 100 is on track to end the week up for the first time in a month as UK GfK consumer confidence came in
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
© 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
Share: AUD/USD licks its wounds after falling the most in three weeks the previous day. Markets brace for key central bank speeches at Jackson Hole Symposium. Mixed concerns about policy pivot, higher for longer rates prod traders amid light calendar. US Dollar stays firmer on mostly upbeat data, hawkish Fed talks ahead of
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
Share: GBP/USD trades lower on the back of downbeat UK PMI data. UK Composite PMI fell below 50 for the first time since January. Weaker PMIs from both countries, flaring the likelihood of rate hikes in September meetings. GBP/USD extends its losses and trades lower around 1.2710 during the Asian session on Thursday.
