Trading news

Fed Chief Powell Speaks at Jackson Hole, Merkel Lifts the Pound Again

Today, the financial community is likely to lock its gaze at Fed Chair Powell’s speech at the Jackson Hole economic symposium, as they will be looking for updated hints as to how the Fed plans to move forward with interest rates. Yesterday, the pound skyrocketed, taking the first place among the G10 currencies, following comments by Germany’s Chancellor Angela Merkel, who noted that her 30-day remarks on Tuesday were not intended to set a deadline, rather to highlight urgency on finding a solution with regards to the Irish backstop.

 

INVESTORS LOCK GAZE ON POWELL’S SPEECH AT JACKSON HOLE

The dollar traded higher against all but two of the other G10 currencies on Thursday and during the Asian morning Friday. It notably underperformed against GBP, which surged again on Merkel’s remarks (see below), while it slid somewhat versus NZD. The greenback gained the most against SEK, NOK and CHF in that order.

Read the full financial markets daily report on JFD Research.

JFD Review

Friday, 23 Aug, 2019 / 9:50

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.jfdbank.com/en/research/fed-chief-powell-speaks-at-jackson-hole-merkel-lifts-the-pound-again-20190823

Trading news

 

Risk Appetite Remains High On Trade Deal & US Data

Equities continue to remain poised to the upside due to a number of factors. [...]

Posted on Friday, 17 Jan, 2020 / 2:46 under

US earnings and data, China GDP propel stocks to fresh highs; dollar nears 8-month high vs yen

  China reports slowest annual growth in 29 years but signs of [...]

Posted on Friday, 17 Jan, 2020 / 10:05 under

GBP, NZD and USD the Main G10 Gainers, Equities Sail North

The dollar traded higher against most of the other G10 currencies yesterday, [...]

Posted on Friday, 17 Jan, 2020 / 8:41 under