Federal Reserve Chairman Powell's long-anticipated speech on last week Friday at Jackson Hole provided fireworks but not quite what the market had expected. The dollar is at a several-week low today after Federal Reserve Chairman Jerome Powell said the storm that hit the oil fields in the Gulf of Mexico was slower than expected. The [...]
The price of gold was strong today as investors waited for Chief Minister Jerome Powell's speech at the Jackson Hole Symposium later, After some US Federal Reserve officials called for a bond purchase. It has recorded some slight gains from previous session. Yesterday the Federal Reserve's hawk policy analysts considered the central bank's bond purchases [...]
Aussie is on the back foot upon Aussie CAPEX smashes as well as virus concerns weighing on the quote. Australia’s second-quarter CAPEX survey has been released and beats expectations by a mile. Australia Q2 New Capital Expenditure +4.4 pct QoQ s/adj (Reuters poll +2.5 pct). Australia Q2 Building CAPEX +4.6 pct QoQ, s/adj. Australia Q2 [...]
Today Bank of Japan board member Toyoaki Nakamura warned of the risks to the economic outlook posed by the recent rise in the Covid-19 pandemic, but expressed hope that consumption would increase once homes felt safe to spend. Nakamura said the world’s third-largest economy would recover as the impact of the pandemic fades, encouraging growth [...]
