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The Euro (EUR) nurses moderate losses against the British Pound (GBP), with price action contained within the previous day’s range and market volatility muted, as investors brace for Federal Reserve Chairman Kevin Warshโs speech at Jackson Hole. The EUR/GBP pair has pulled back to levels near 0.8570 from Thursdayโs highs right below 0.8580, with the weekly chart showing marginal gains. […]
Commerzbankโs Volkmar Baur notes the US Dollar has stabilized after last weekโs setback, with Kevin Warshโs Jackson Hole speech seen as the next key test. Baur expects little in terms of forward guidance on a September rate hike but highlights potential discussion of changing the Fedโs inflation measure away from the PCE deflator, which could […]
Deutsche Bank strategists note thatย EUR/USDย traded at 1.165 as markets await Fed Chair Warshโs Jackson Hole speech, which could shift expectations for the September Fed meeting. They highlight that market pricing still assigns a 35% probability to a hike, and recent Fed commentary shows a divide on how restrictive policy should be. Jackson Hole and divided […]
United Overseas Bankโs (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY held in a narrow band around 159.35, with a slight uptick in upward momentum. They expect this to translate into trading between 159.15 and 159.65 rather than a sustained advance. Over the coming weeks, they maintain a neutral stance, looking for range-bound […]
TD Securitiesโ FX strategist Howard Du maintains a bearish New Zealand Dollar (NZD) bias, noting that Reserve Bank of New Zealand (RBNZ) tightening is largely priced and NZD positioning has normalized. They expect AUD/NZD to remain supported above 1.20 with a 1.22 year-end forecast, and see a high bar for NZD/USD to sustain gains above […]
The Swiss Franc (CHF) trades marginally lower against a somewhat firmer US Dollar (USD) on Friday, with market volatility subdued as investors await the speech of the Federal Reserve (Fed) Chairman, Kevin Warsh, at the Jackson Hole Symposium, due later on the day. The USD/CHF pair trades practically flat just below 0.8750, on track for a 0.45% […]
Natural gas prices are gaining due to concerns about supplies to Europe and high temperatures in the USA. Natural gas prices on both sides of the Atlantic are recording dynamic increases, although they are driven by different fundamental dynamics. While the American market is reacting to the current heatwave, the Old Continent is struggling with […]
There are companies that grow rapidly, companies that can increase the scale of their operations for years, and then there is NVIDIA. Yesterdayโs results once again showed how difficult it is to find another company on the global market that combines growth, profitability, and scale of operations at a similar level. Revenue in the second […]
Jackson Hole focus: is Nvidia is more important than the Fed? As we get to the end of the trading month for the UK, the focus will shift from the corporate back to the macro. Nvidiaโs stunning 8% rally after its Q2 earnings report reignited the AI trade on Thursday, with a broad-based rally that […]
The economic calendar for the end of the week is far from boring, yet the market’s primaryโif not soleโfocus will be the speech by Fed Chair Kevin Warsh at the Jackson Hole central banking symposium. A month ago, the Fed held interest rates unchanged despite a distinctly hawkish front forming within the FOMC (three members […]
