Fed Chair Powell speaks at Jackson Hole Economic Policy Symposium on Friday The key event next week her until Friday at 10 AM ET/1400 GMT, when Fed Chair Powell is scheduled to speak at the Jackson Hole Economic Policy Symposium.  The title of his speech is “Challenges for Monetary Policy”.   The meeting minutes from the last FOMC meeting will
Gold Price Talking Points: Gold Prices Pull Back to Support Gold prices are currently testing a level of support at 1509 after setting another fresh six-year-high earlier this week. As discussed in yesterday’s webinar, the longer-term resistance zone that runs from 1509-1527 has helped Gold’s short-term price action build into a range; and a support
10-year bund yields fall to a fresh record low of -0.72% now ForexLive European bond yields are beginning to fall off again on the day and this could be a sign of trouble for markets in the session ahead. US Treasury yields have also pared gains with 30-year yields falling back below 2% to 1.988%
AUD/USD is holding sideways near term and has not overcome any resistance of note and continues to hold above the .6738 January 2019 low as this support is reinforced by .6720, the 2016-2019 support line (connects the lows), according to Karen Jones, analyst at Commerzbank. Key Quotes “The market did recently trade through these levels
 Forex news for Asia trading Friday 16 August 2019 AUD and NZD were movers here today. Neither is too much changed on the session but relative to others the two have been where the action was. For the Kiwi there was plenty of news and data flow, from the manufacturing PMI slipping into contraction for
The Japanese 10-year government bond yield has dropped to -0.25% for the first time since July 2016 amid a global debt rally. Notably, the yield has slipped well below the -0.2% mark perceived by markets as the Bank of Japan’s (BOJ) line in the sand. The central bank has the option of reducing its bond
Down $0.76 or -1.38% The price of crude oil futures are settling at $54.47. That is down $0.76 or -1.38% The high price today reached the $55.33. The low extended to $53.73. Looking at the hourly chart below, the pair traded mostly above the 50% retracement of the move up from the August 7 low. That comes in right at the $54
Bitcoin down 6.3%, Gold up 1.2% Gold bugs and Bitcoin bulls have found common ground in the past two months. The combination of slowing growth, lower rates and trade fears have boosted both. In general, they have moved in lockstep — albeit with much larger percentage moves in BTC. Lately though, we’ve seen the correlation
The Kiwi Dollar keeps facing downside risks to the 0.6230 region in the next weeks, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “Despite a recovery overnight, NZD was largely within our expected 0.6420/0.6505 range. Today, it is likely that NZD may grind higher but gains may be limited at 0.6485. Support is
GBP/USD remains on a back foot amid recent UK political news. Rebel MPs readying for early-September action. UK CPI, trade/political news in the spotlight.  GBP/USD keeps taking the rounds to two-day long ascending support-line while trading near 1.2060 during Wednesday’s Asian session. The Cable responded to the latest Brexit headlines with a cold heart as