Share: AUD/USD fell more than 0.50%, to a daily low near 0.6380. Jerome Powell opened the door to another hike in this tightening cycle. Rising US yields make the USD gain interest. At the end of the week, the USD gained ground against its rivals, mainly driven by the Federal Reserve’s (Fed) chairman, Jerome
US Dollar (DXY) Price, Chart, and Analysis Price stability remains key for the Fed. US dollar nudges lower. Recommended by Nick Cawley Traits of Successful Traders The conclusion of Fed chair Powell’s Jackson Hole keynote speech suggests that the central bank will ‘proceed carefully’ before making any decisions on future monetary policy decisions. ‘At upcoming
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
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.
Investing.com – The U.S. dollar retreated in early European trade Tuesday as risk sentiment received a boost from strong tech-led gains on Wall Street, but trading ranges remained tight ahead of the Federal Reserve’s Jackson Hole symposium at the end of the week. At 03:20 ET (07:20 GMT), the , which tracks the greenback against
JULY FOMC MEETING KEY POINTS: The Fed is expected to raise interest rates by 25 basis points to 5.25%-5.50% With a quarter-point hike fully priced in, attention should be on the tightening roadmap Powell is likely to offer guidance on the polity outlook during his press conference Recommended by Diego Colman Get Your Free Gold
