Fed's Daly set to speak at 2 pm ET
We last heard from Daly on August 18 when she said: Calls for “prudent” approach to lowering rates Pushed back on concerns of sharp economic slowdown Recent data gives “more…
Weekly Market Outlook (26-30 August)
UPCOMING EVENTS: Monday: PBoC MLF, German IFO, US Durable Goods Orders. Tuesday: US Consumer Confidence. Wednesday: Australia Monthly CPI, Nvidia Earnings. Thursday: US Q2 GDP 2nd Estimate, US Jobless Claims.…
IMF chief economist says Bank of Japan rate hikes a good development for Japan
IMF chief economist Pierre-Olivier Gourinchas spoke in an interview with Reuters at the Jackson Hole annual economic symposium on Friday. Saud the BoJ can continue to raise rates gradually, a…
BofA: The US dollar has rallied ahead of 10 of the past 13 elections
Bank of America highlights that historically, the US Dollar Index (DXY) tends to rise from August through US election day in November, suggesting potential USD strength leading into the upcoming…
Fed's Collins: Timing seems appropriate to begin easing monetary policy
Policy is well-positioned, wants gradual, methodical approach to cutting There is a clear path to achieving Fed’s goals without unneeded downturn I’m starting to think “policy is well-positioned” is a…
Pound approaches the 2023 high in fifth straight day of gains
We’re getting the point where we need to really zoom out to paint a picture of the foreign exchange market. A great example is in cable, where the daily chart…
Powell has spoken at Jackson Hole for six straight years. Here is how the market reacted
AI image Fed Chair Powell’s annual Jackson Hole remarks have become must-watch events for traders, often sparking significant market moves. Goldman Sachs is out with a quick rundown of the…
Is housing the trade on a Kamala Harris government?
AI image In general, I think politics are wildly overrated a source of investing opportunities, particularly elections. Promises are often made by politicians but rarely fulfilled and in a three-tier…
Join me on Monday for a webinar on how to avoid 7 common trading traps
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide…
Next week doesn’t start until Thursday
We’ve been spared from summer doldrums in financial markets this year but early next week could be something of a dud, particularly until Jackson Hole begins. Monday kicks off with…
