21/08/2025 Daily Reports
• Dollar Hovering : The U.S. dollar remained steady below a one-week high ahead of the Jackson Hole symposium.
• Mixed Asian Stocks : Japan’s Nikkei slipped 0.6%, while South Korea’s KOSPI bounced 0.9%. Chinese blue chips rose 0.5%, but Hong Kong’s Hang Seng stayed flat.
• Wall Street Pressure : Nasdaq futures down 0.2% and S&P 500 futures easing 0.1% after an overnight tech-led selloff.
• Fed Watch : Traders see an 80% chance of a September rate cut, though Powell remains cautious on tariffs and inflation risks.
• Trump vs. Fed : Trump escalated his attacks, calling for Fed Governor Lisa Cook’s resignation and pushing Stephen Miran’s nomination.
• Treasuries & Yields : U.S. 10-year yields steady at 4.29%, while Japan’s 20-year yield hit the highest since 1999.
• Currencies & Commodities : Yen at 147.41 per dollar, euro flat at $1.1647, gold slightly softer at $3,342, and Brent crude up to $67.19.
• Crypto Recovery : Bitcoin rebounded from recent lows, trading near $114,690.
• What’s Next?
Markets are clearly walking on eggshells ahead of Jackson Hole. While traders are betting heavily on a September cut, Powell’s cautious stance could disappoint. Add Trump’s political pressure into the mix, and we may see heightened volatility across FX, equities, and commodities in the coming days.
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
All Eyes on Jackson Hole as Powell Prepares His Final Speech
Global markets are firmly focused on the Federal Reserve’s Jackson Hole symposium, which begins today and culminates with Jerome Powell’s closely watched address on Friday — his last at the annual event as Fed Chair. Investors are eager for clues about a potential September rate cut, especially after weaker payroll data boosted expectations for easing. Market odds currently price in an 80% chance of a quarter-point cut on September 17, though recent Fed minutes showed limited support, with only Vice Chair Michelle Bowman and Governor Christopher Waller backing such a move. The inflation outlook complicates matters further, with tariffs yet to show up in consumer prices but producer costs pointing higher.
The Fed’s independence is also under scrutiny as President Donald Trump intensifies his pressure on the central bank. He has called for Fed Governor Lisa Cook’s resignation over mortgage allegations, while Stephen Miran is poised to join the board after Adriana Kugler’s exit. Alongside Bowman and Waller — both Trump appointees — this could give the president significant sway over the Fed, aligning nearly half the board with his calls for lower rates. Trump’s past threats to fire Powell rattled investors earlier this year, raising fears about political interference in monetary policy and sparking volatility in the dollar.
U.S. Prices Steady Despite Tariffs; Wine Excluded from EU–U.S. Deal; $73B Rout in Palantir
• Even though there are new tariffs in the U.S. this year, prices have not increased a lot. Economists are still warning of the possibility of inflation later this year, with small increases expected in clothing, home furnishings, and appliances.
• The EU-U.S. trade deal does not include wine and spirits. However, later on, the possibility of discussing tariff cuts for these products might be considered. The current deal includes a 15% U.S. tariff on most imports from the bloc, including cars, pharmaceuticals, semiconductors, and wood.
• Palantir shares went down by more than 17% over six trading sessions, which meant the company lost about $73 billion in market value. This was good for the people who had bet against the company’s shares, while the stock was up 0.8% in premarket trading.
