Powell Cancels In-Person Appearance At Jackson Hole
Hawkish Risks FadingThe prospects of Fed chair Jerome Powell giving any clear signal as to the start of tapering ate the Jackson Hole symposium this week appear to have diminished. While traders were...
Chinese Central Bank Pushes Back Against Higher Market Rates
Liquidity InjectionThe Chinese central bank (PBoC) announced its latest easing measures today, noting that it had increased the amount of funding offered through its seven-day reverse repos to 50...
Swift Oil Recovery Could be a Trap for Bulls
Oil prices posted one of the strongest daily gains on Monday since March, with Brent benchmark closing 5.5% higher. Part of the rally reflected a surge in demand for risk assets, as doubts that the...
UK & US PMI's Weaken in August
Yesterday’s slew of PMI data sets painted a fairly dim picture of recent economic performance in the US and UK alike. On the back of the bumper gain and solid trajectory seen over the second half of...
The Rebound of EURUSD may be Short-lived as Fed Powell speech is Ahead
Oil prices escape the grip of sellers and stage rebound on Monday after spending almost entire last week in correction. Equity markets rebounded as well which drove sell-off in USD as risk-off flows...
Precious Metals Monday 23-08-2021
GoldA muted start to the week for the yellow-metal as higher equities prices and a firm US Dollar offset any residual safe-haven demand for gold. Price has remained range bound over recent sessions...
Dollars Surges on Equity Correction, Markets Fear Fed Tightening
July Fed Minutes released on Wednesday hit risk appetite despite lack of clear hawkish shift in the tone of wordings. Markets saw renewed selling pressure albeit with more vigor thanks to synergy of...
Downbeat US Retail Sales Could Make the Fed more Cautious in its Tapering Plans
The US Dollar index stabilised after Tuesday rally attempting to gain foothold above the 93 level as investors eye the July FOMC meeting minutes. The report is expected to reveal technical details on...
RBNZ Disappoints Bulls As Fresh Lockdown Prevents Rate Hike
RBNZ On Hold The New Zealand Dollar crashed overnight with the market losing almost 2% in response to the RBNZ August meeting. The market had been broadly expecting a rate hike from the bank on the...
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