Tag: powell

FOMC showed absolute hawkishness – what it means in practise ★ Premium This content is only available for registered users - sign up for free now
SP500
0.02%

FOMC showed absolute hawkishness – what it means in practise

In our analysis aimed on the September FOMC meeting, we focused on current market pricing, rates, economic projections, dot plot and markets.
Gold gains due to weaker US Dollar
XAU
0.48%

Gold gains due to weaker US Dollar

The US Dollar index weakens by more than 0.7% this month. It helps gold to correct losses from last month. Volatility persists with inflation data ahead.
Gold looked under $1700 level
XAU
0.48%

Gold looked under $1700 level

Determination in the fight against inflation confirms the hawkishness of the monetary policy. Gold reacted negatively and tested a level of $1700.

Jackson Hole statement determined the next move in markets

Jerome Powell delivered an important speech at the Jackson Hole Symposium, which should clearly determined the economy's future.
EUR/USD remains below parity after Jackson Hole Symposium
EURUSD
0.55%

EUR/USD remains below parity after Jackson Hole Symposium

The Fed's Powell reiterated that the Fed would continue to raise borrowing costs & that the central bank has no intention of switching to a more dovish policy.
Gold affected by Fed’s Powell statement
XAU
0.48%

Gold affected by Fed’s Powell statement

Powell admits that high inflation considerably pressures on Fed´s committee to change predictions on interest rates hikes.
AUD/USD rallies after GDP data
AUDUSD
1.51%

AUD/USD rallies after GDP data

Is the Australian dollar going to stage a relief rally, considering the oversold conditions?