Today It’s All About The ECB
Markets The ECB awoke from the summer slumber with two opposing speeches yesterday. VP de Guindos said the economy again surprised positively and expects the September forecasts to be revised upwardly. He added that when the economy gets back to...
Markets Steady ahead of Jackson Hole
Back on the fence A relatively muted session on Wednesday as investors sit on the fence ahead of the Jackson Hole Symposium later in the week. It’s all gone very quiet in the markets, which is hardly surprising under the...
AUD Rally Pauses Ahead Of Jackson Hole
Australian dollar drifting After plenty of volatility over the past week, the Australian dollar has settled down on Wednesday. AUD/USD is currently trading at 0.7251, down 0.09% on the day. The Aussie has sparkled this week, with gains of 1.5%....
What Will the Fed Signal at Jackson Hole?
The Federal Reserve’s annual economic symposium will come to a crescendo when Chairman Powell speaks on Friday at 14:00 GMT. There was a lot of buzz that the Fed would use this event to warn it will dial back its...
Rebound Stalls ahead of Jackson Hole
The week got off to a strong start on Monday but momentum is already waning, with European stocks a little flat and US futures only marginally higher. Investors were keen to buy dips at the start of the week and...
Jackson Hole Symposium Preview: Powell Under Pressure
As my colleague Joe Perry noted in his Week Ahead report, Fed watchers and traders have been looking forward to this week’s Jackson Hole Symposium for months. See an overview of the key details and themes to watch from this...
Pound Rebounds on Strong Manufacturing PMI
The British pound has started the new trading week in positive territory. GBP/USD is trading at 1.3672, up 0.37% on the day. Manufacturing stellar but services slip The UK Flash PMI reports for August were mixed. Manufacturing PMI was down...
Team Australia to the Rescue
The Reserve Bank Board next meets on September 7. The Board surprised at its August meeting by deciding to retain its policy of tapering its bond purchases under the QE program from $5 billion per week to $4 billion when...
The Weekly Bottom Line: Getting Back to Normal Isn’t Easy
U.S. Highlights As the economy continues to recover the Federal Open Market Committee’s meeting minutes signaled a tapering of its asset purchase program later this year. The retail sales report showed a larger decline in spending than had been anticipated,...
Week Ahead: Jackson Hole, Delta Variant, and China to Move Markets Next Week
Volatility returned last week as traders prepared for the Jackson Hole Symposium at the end of this week. The primary focus will be US Fed Chairman Jerome Powell’s speech on Friday at 10:00am ET. The topic is simply, “Economic Outlook”. ...