According to sources reported by both Bloomberg and Reuters hot issue moved to remove that ForexLive It’s seen as a yuan-supportive measure and the removal at the start of the year . So, the re-introduction of the counter-cyclical measure will likely bring back some added support for the yuan in the near-term.
Range-bound trading prevailing so far in the session ForexLive The major currencies bloc snapshot is very much similar to what we had as yet another dud of a morning is taking place in European trading today. The aussie remains the leader following an earlier spike following the Scott Morrison’s takeover as Australia prime minister from…
Powell brushes off inflation worries The big question is: What happens after the fed funds rate gets to ‘neutral’, which is somewhere between 2.50%-3.00% in the Fed’s view.
EURUSD moves toward week’s highs There are a lot of headlines, and that can cause swings. The initial reaction was a move higher in the dollar, but that move was quickly reversed as headlines were analyzed and the idea seems to be seeing inflation not running.
Eyeing the correction The EURUSD has kept the bull trend going and added another leg higher. The price dipped to 1.15806 – just above the 50% of the 2nd leg at 1.1579 on the headlines – and then shot up to a new session high of 1.1639. The 38.2-50% of that last leg higher comes…
More from Mester at Jackson Hole ForexLive
Headline and ex-transportation miss The headline durable goods missed as the ex-air but the Cap good orders and shipments beat. So the fall in the US dollar is minimal.
Mester on CNBC – Mester will be boosted her growth forecast closer to 3% for the year – This quarter has been strong so far – The Fed’s path has been the right one so far A higher growth forecast is nothing too surprising so far.
Powell at Jackson Hole on August 24, 2018: A bit dovish at first take. The lines on the conditions for the hikes are a bit soft and there isn’t the same kind of optimism on the economy that we heard from a few other Fed members at Jackson Hole.
Turnbull out as PM and Morrison is in The political situation in Australia changed with PM Turnbull out and Morrison in. That helped to send the AUDUSD higher in the Asian session. Technically, the price moved to the 200 hour MA and 38.2% of the move down this week at 0.7290-92. Later, those levels were…