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.
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.
Gold prices had a relatively tame week despite sharp losses on Friday. More concerning is the renewed push higher by real yields in developed economies.
The Nasdaq 100 and S&P 500 faltered as market volatility returned. Hopes of a Fed pivot were increasingly extinguished by Chair Jerome Powell. The US Dollar gained as gold suffered. Now, all eyes t…
The Dow Jones Industrial Average and S&P 500 cratered after Fed Chair Powell’s Jackson Hole speech. Asian and European stocks are likely to feel the pressure this week.
Following Jerome Powell’s hawkish Jackson Hole speech, USDCAD points higher toward 1.3100. Upside could be limited on oil strength.
EUR/USD goes into the week with markets knowing the Fed’s aggressive outlook while the EU continues to be plagued by an energy crisis as we head into winter.