US Dollar Drops as Markets Await Powell’s Speech at Jackson Hole The US dollar declined against major currencies early Friday as market focus shifts to Federal Reserve Chairman Jerome Powell’s upcoming keynote address at the Jackson Hole Symposium. Historically, this event has been a platform for signaling potential shifts in monetary policy. With recent soft […]
Yen Strengthens as BOJ Signals Rate Hike Path; Asian Stocks Mixed Ahead of Powell’s Speech The yen led gains among G-10 currencies, rising 0.5% to 145.62 per dollar after Bank of Japan Governor Kazuo Ueda indicated possible further interest rate hikes if economic conditions align. Japanese bond futures fell, and stocks fluctuated as traders assessed […]
US Dollar Mixed as Markets Await Economic Data and Jackson Hole Symposium The US dollar showed mixed performance against major currencies early Thursday, rising against the euro and yen while falling against the pound and Canadian dollar. This comes ahead of a busy day of economic data releases and the start of the Federal Reserve’s […]
Asian Stocks Retreat as Caution Grows Ahead of Fed and Bank of Japan Decisions Gold steadied around $2,510 per ounce on Thursday, remaining near record highs as markets digested the Fed’s dovish stance highlighted in the recent FOMC minutes. Most policymakers indicated that if economic data met expectations, easing policy in September would be appropriate. […]
Fed Minutes to Reveal Debate Over July Rate Cut; U.S. Oil Export Growth Slows Fed minutes to show depth of debate over a July rate cut While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about […]
Asian Stocks Fall as Investors Await US Economic Data and Fed Signals Market momentum hit a snag as Asian shares fell on Wednesday, interrupting the S&P 500’s rally just before it could match a 20-year winning streak. Investors are back to assessing recession risks and U.S. political dynamics, with Barack Obama re-emerging to support Kamala […]
Sterling Hits One-Month High Against Weaker Dollar as Markets Eye Jackson Hole Sterling reached a one-month high against a weakening dollar on Tuesday, remaining flat against the yen. Investors are looking ahead to business activity figures on Thursday and Bank of England Governor Andrew Bailey’s comments at the Jackson Hole meeting on Friday. Improvement in […]
Asian Stocks Rise as Fed Rate Cut Hopes Fuel Global Market Rally Asian stocks climbed, buoyed by optimism that the Federal Reserve is nearing a decision to cut interest rates. The MSCI ACWI Index marked its longest run of gains since December, with Japan, South Korea, and Australia leading the advances, while Chinese shares dipped. […]
Markets Steady as Yen Drops, Dollar Sluggish Amid Calm Trading Session Today was a much calmer session in the markets, following last week’s hectic activity. With little on the economic calendar until Thursday, market sentiment seems to have entered a lull. The Japanese yen, however, continued to see significant movement. USD/JPY dropped to 146.10 during […]
Asian Stocks Rally on Hopes of Lower US Rates, Hong Kong Tech Shares Lead Gains Global markets started the week on a cautious note after last week’s strong rally, as investors anticipate a softer landing for the U.S. economy, with growth expected to continue at a 2%-3% pace. U.S. futures showed slight gains, while Japan’s […]