[ad_1] Fed’s Powell’s Jackson Hole speech finally came and unlike last year when the speech was short and sweet and to the point, there was little bit of something for everyone : Regarding monetary policy and rate decisions: Prepared to raise rates further if deemed necessary. The next move will be based on data. The
[ad_1] Higher AUD/USD on the session – rising iron ore price in China a tailwind There are rumours that some Chinese banks are freezing some savings accounts – PBOC denies Bank of America S&P500 technical analysis, 4325 and 4200 as the next two major levels Fund manager says Fed Chair Powell will err on the
[ad_1] Headlines: Markets: CAD leads, JPY lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields up 4.9 bps to 4.298% Gold up 0.3% to $1,893.79 WTI crude up 1.3% to $82.30 Bitcoin flat at $26,081 It was a relatively quiet session as markets get settled into the new week.
[ad_1] GBPUSD back above the 100/200 hour MAs The GBPUSD is snapping back higher. In the kickstart technical video from earlier, the pair had moved back below the 100/200 hour MAs which are converged at 1.2719. That tilt of the bias more to the downside but a swing area between 1.2678 and 1.26988 stalled the
[ad_1] Headlines: Markets: EUR leads, AUD lags on the day European equities lower; S&P 500 futures down 0.5% US 10-year yields up 5.1 bps to 4.232% Gold down 0.3% to $1,901.09 WTI crude down 1.0% to $81.69 Bitcoin down 0.1% to $29,331 China was in the headlines once again, performing three rate cuts in one
[ad_1] There was some FX movement during the session here even as traders looked ahead to the US employment report due later on Friday. AUD and NZD were out-performers awaiting a news conference called in China by the State Planner, the National Development and Reform Commission of the People’s Republic of China (NDRC), and the