Jackson Hole

USDJPY: Waits on BoJ and Fed chief remarks

Thu, 22 Aug 2024 11:17:20 +0000

USDJPY: Waits on BoJ and Fed chief remarks Lukman.Otunuga… Thu, 08/22/2024 - 14:17

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Check this out. The USDJPY could see big price swings on Friday! That’s right, remarks by Bank of Japan (BoJ) Governor Kazuo Ueda and Fed Chair Jerome Powell are likely to inject the currency pair for fresh volatility.

XAUUSD: Holds near record high…what next?

Mon, 19 Aug 2024 10:10:56 +0000

Gold ↑ 21% year-to-date

FOMC minutes & Jackson Hole in focus

Bullish but RSI overbought on multiple timeframes

Bloomberg FX model: 73% XAUUSD – (2440.49 – 2567.13)

Key technical level - $2500 Read More

Week Ahead: NAS100 set for Jackson Hole shake up?

Fri, 16 Aug 2024 08:47:04 +0000

Week Ahead: NAS100 set for Jackson Hole shake up? Lukman.Otunuga… Fri, 08/16/2024 - 11:47

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It’s that time of the year again with the annual Jackson Hole Economic Symposium around the corner…

GBPUSD drops after poor UK PMIs

Wed, 23 Aug 2023 08:54:12 +0000

GBPUSD drops after poor UK PMIs han.tan@FXTM CY CA Wed, 08/23/2023 - 11:54

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The Pound is the worst-performing G10 currency against the US dollar today, as the UK economy struggles in light of the Bank of England's aggressive rate hikes.

US stocks, gold extend recovery

Tue, 22 Aug 2023 09:44:50 +0000

US stocks, gold extend recovery han.tan@FXTM CY CA Tue, 08/22/2023 - 12:44

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Higher rates for longer should be a headwind for stocks and also gold. Look out for Nvidia earnings, Powell's speech this week.

Trade of the Week: SPX500_m demands proof out of Nvidia, Jackson Hole

Mon, 21 Aug 2023 06:13:14 +0000

Trade of the Week: SPX500_m demands proof out of Nvidia, Jackson Hole han.tan@FXTM CY CA Mon, 08/21/2023 - 09:13

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The SPX500_m, which tracks the underlying S&P 500 index, is at the mercy of two of the largest market themes of 2023 coming head-to-head this week.

Trade of the Week: Gold to retest $1700 support?

Mon, 29 Aug 2022 14:47:10 +0000

At the start of this new trading week, spot gold has been dragged down to closer to the $1700 mark, although prices have trimmed losses at the time of writing.

And depending on how this Friday’s US nonfarm payrolls report turns out, the precious metal could retest that psychologically-important level for support. Read More

What’s “Jackson Hole” and why it matters for the Nasdaq 100?

Thu, 25 Aug 2022 10:48:59 +0000

Organised by the Kansas City Fed, this year’s Jackson Hole Economic Policy Symposium will kick off today (August 25th) through August 27th.

This annual event is held in Jackson Hole, Wyoming (hence, the name widely used by market participants to refer to such a pivotal event),which features some of the top officials from major central banks (e.g. US Federal Reserve, European Central Bank, Bank of England, etc.), as they discuss pressing issues that face the global economy.

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Trade of the Week: USD Index back above 1.20?

Mon, 22 Aug 2022 10:48:51 +0000

Shame on those who doubted the Dollar (at least of late).

The greenback has staged a recovery and is on a quest to revisit recent highs, as markets restore their bets for an ultra-hawkish Fed.

As a result, major G10 currencies are wilting under the weight of the resurgent buck:

EURUSD is flirting with parity again, Read More

Week Ahead: Big Week For Gold As Jackson Hole Looms

Fri, 19 Aug 2022 08:05:00 +0000

It’s that time of the year people!

All eyes will be on the annual Jackson Hole Economic Symposium where central bankers and financial heavyweights discuss key economic issues that impact the world. Given how this major event could offer investors fresh insight into the Fed’s thinking on rates and inflation, get ready for a potentially wild week for financial markets. Before we take a deep dive into what to expect from Jackson Hole Symposium, here are the scheduled economic data releases/events in the coming week: Read More