A fast and aggressive move showed this morning on the open of the Jackson Hole Economic Symposium, and the US Dollar put in a strong reversal.
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Thursday, 27 August 2020
Gold & USD Whipsaw as Fed Announces Average Inflation Targeting
Gold price action snapped higher and USD/JPY took a nosedive in the immediate response to news out of the Jackson Hole Symposium that the Fed will shift policy to average inflation targeting.�
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Euro Dollar Outlook: EUR/USD Flirts With Fibonacci Ahead of Key Economic Event
After four months of gains for the EUR/USD, price action stalls at key Fibonacci support
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Crude Oil Prices May Fall with Stocks, Gold as Fed's Powell Speaks
Crude oil prices may fall alongside stocks and gold while the US Dollar gains as Fed Chair Jerome Powell gives a defining speech at the Jackson Hole symposium.
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Gold Price Bounces Off Support, Volatility Picks-Up as Markets Wait for Fed Chair Powell's Speech
Gold (XAU) continues to respect the short-term supportive trend but Fed chair Jerome Powell's speech later may rattle an expectant market.
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British Pound Latest (GBP) - GBP/USD Eyes Fed Powell, EUR/GBP Upside Risks
The Pound is slightly better bid this morning despite negative EU-UK trade headlines. All eyes on Powell.
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USD/JPY Recovery at Risk as Jackson Hole Symposium Takes Centre Stage
The USD/JPY exchange rate may erase ground gained as investors' focus turns to the Federal Reserve’s annual Jackson Hole Symposium
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Wednesday, 26 August 2020
AUD/USD Unfazed by Asia/Pacific Data with Fed Symposium on Tap
The Australian Dollar may continue to outperform its US counterpart if the Fed Economic Symposium foreshadows more of the same for the next rate decision on September 16.
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Canadian Dollar Outlook: CAD/JPY, CAD/CHF, USD/CAD Levels to Watch
The Canadian Dollar may rise as USD/CAD rates eye fresh monthly lows and CAD/JPY bursts out of a bullish chart pattern.
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Nikkei 225, Hang Seng Defensive Before Powell Speech. Nifty 50 Up
The Nikkei 225 may rise as the Hang Seng index opens mildly higher following strong leads from the Wall Street. Markets displayed a defensive pattern ahead of Powell’s speech tonight.
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USD/CAD Under Pressure as BoC Highlights Limits of Monetary Policy
USD/CAD tags a fresh monthly low (1.3132) as Bank of Canada (BoC) Senior Deputy Governor Wilkins highlights the “limits of monetary policy to solving all problems.”
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S&P 500 at Risk Before Jackson Hole As Trump-Biden Poll Spread Narrows?
The S&P 500 has recorded another new high, but is there a risk of a reversal ahead of the Jackson Hole symposium and political volatility from a narrowing Trump-Biden poll spread?
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Dow Jones Forecast: Apple Stock Split Prompts Major DJIA Changes
An Apple stock split set to take place on August 31 has sparked a shake-up in the Dow Jones Industrial Average as three stocks are set to turnover.
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USD Price Outlook: US Dollar Awaits Powell Speech at Jackson Hole
US Dollar bulls have struggled to sustain a bid over the last two trading sessions as USD price action searches for direction while traders await Fed Chair Powell at the Jackson Hole Symposium.
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Silver Forecast: XAG Stages Breakout, but Can Bulls Drive the Trend?
It had been a big summer for precious metals - until August rolled around. But as the month nears end, Silver bulls are showing a stronger hand.
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DAX 30 Price Outlook: German Index Ponders Technical Break Out
The DAX 30 is testing the limits of its current technical pattern but summer conditions may make it hard for the German equity index to post a move with significant follow-through.
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Fed Symposium Preview: Jackson Hole to Fuel Market Volatility
US Dollar, Dow Jones and gold price volatility could accelerate later this week due to high-impact event risk surrounding an economic policy symposium hosted by the Federal Reserve at Jackson Hole.
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USD/CAD Update: Loonie Consolidation Ahead of BoC Wilkins Speech
The Canadian Loonie has consolidated over the short term. Is this reflective of the early stages of a trend reversal or a simple pause before trend continuation?
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Japanese Yen Volatility Rises on Jackson Hole and Abe Speculation
The main focus is on tomorrow’s Jackson Hole summit, however, JPY markets have been eying Abe exit speculation.
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Crude Oil Prices May Struggle to Extend Rise on Hurricane Jitters
Crude oil prices rose as Hurricane Laura menaced the US Gulf Coast but progress may stall as all eyes turn to Thursday’s speeches from Fed Chair Powell and US President Trump.
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