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Goolsbee: Still feels confident about a soft landing

August 25, 2023

Feels confident about a soft landing Nothing has happened in the last 2 months to make them think that the golden path is not attainable …

Forecasts

British Pound Forecast: External Factors Will Drive GBP/USD, GBP/JPY

August 25, 2023

GBP/USD is going into the weekend on the back foot as the dollar picks up a small bid after Jerome Powell’s Jackson Hole speech. Source

Technical Analysis

NZDUSD falls to trend line support on daily chart and there is a stall of the fall

August 25, 2023

The NZDUSD – like other currencies versus the US dollar – has seen USD buying/NZDUSD selling. THe prices low reached a new low going back …

Central Banks

Fed’s Harker says he doubt rate cuts are on the table until next year at some point

August 25, 2023

Harker was out with dovish comments earlier this week so I don’t expect anything new here: Repeats that he doesn’t see the need for more …

Technical Analysis

A technical look at the major currency pair after Fed Chair Powell Jackson Hole speech

August 25, 2023

The USD initially moved lower during and after the Fed Powell speech at Jackson Hole. However, that trend has reversed with the dollar moving back …

Central Banks

A review of the speech from Fed Powell by topics

August 25, 2023

Decline in Inflation So Far: Origins and Initial Actions: High inflation resulted from strong demand meeting pandemic-limited supply. The Federal Open Market Committee raised the …

Central Banks

The full text from Fed Chair Powell’s speech from Jackson Hole

August 25, 2023

August 25, 2023 Inflation: Progress and the Path Ahead Chair Jerome H. Powell At “Structural Shifts in the Global Economy,” an economic policy symposium sponsored …

Central Banks

Powell: We are prepared to raise rates further if appropriate, will proceed carefully

August 25, 2023

We will decide next move based on data Fed will proceed ‘carefully’ when deciding to hike again or hold steady Will decide next moves based …

Technical Analysis

AUDUSD trades below the 100/200 hour MAs ahead of Chair Powell speech (bearish tilt)

August 25, 2023

What key levels are in place through the Jackson Hole speech for the AUDUSD. Bias is tilting more to the downside as the pair remains …

Central Banks

Watch live: Powell coming up next

August 25, 2023

Powell will speak at Jackson Hole at 10:05 am ET. I expect the text to be released but you might want to watch the speech …

Technical Analysis

USDCAD buyers are more in control, but a 1.3603 ceiling is being built

August 25, 2023

The USDCAD moved up to retest Wednesday’s high in trading today at the 1.3603 level and found willing sellers. The relatively random level (although it’s …