DAX and FTSE Benefit from Chinese Stimulus and Upbeat Data Releases
The indices benefitted from improving market sentiment on the back of Chinese stimulus. Downside pressure remains in play with the Jackson Hole Symposium lying in wait.
GBP/USD Price Forecast: Sterling Stunned by Worrying Inflation Forecast
Cable appears vulnerable ahead of Jackson Hole after failing to take advantage of a softer USD. Shocking inflation forecasts and an energy crisis, disappoints
Euro Forecast (EUR/USD) – The Calm Before the Jackson Hole Storm?
The Euro is stuck in a range against the US dollar ahead of Friday's speech by Jerome Powell. Important US growth and inflation data will also hit the wires shortly.
AUD/USD Forecast: Aussie Higher on Renminbi Fix & Chinese Stimulus
AUD/USD rallied after China announcement economic support for the nation however, the USD is likely to recuperate ahead of Jackson Hole.
Hang Seng Index Bolts Higher Despite Storms as China Ignites Stimulus Plans. Where to for HSI?
The Hang Seng Index (HIS) put on a surprise rally today after a typhoon interrupted programming while the US Dollar slid ahead of today's Jackson Hole symposium.
Gold Price Forecast: US GDP Data in Focus as XAU Traders Eye Powell
Gold prices, along with the broader market, are keenly focused on Federal Reserve Chair Jerome Powell's speech on Friday. Until then, an update to US GDP data may move XAU.
Euro Outlook Remains Murky as Gas Prices Soar and Fed Hikes Loom. Can EUR/USD Recover?
The Euro is struggling as the energy crisis evolves and a US Dollar that is gaining traction as the Fed gear up for their Jackson Hole symposium. Is a bear…
Crude Oil Price to Stage Larger Recovery on Break of August Opening Range
The price of oil may stage a larger recovery over the coming days if it manages to clear the opening range for August.
Japanese Yen Technical Analysis: USD/JPY Runs into Resistance. Will Reversal Follow?
The Japanese Yen is showing early signs of resistance against the US Dollar. However, USD/JPY arguably remains in an uptrend. Meanwhile, retail positioning underscores a bullish bias.
NZD/USD Unfazed After Kiwi Retail Sales Ahead of Jackson Hole
Markets are quiet ahead of Jackson Hole, with US stocks seeing small gains overnight. NZD/USD was uninspired by second-quarter retail sales data for the island nation.