Day: August 26, 2023

Bullard & Collins Support Further Hikes Ahead of the Jackson Hole Symposium today USDJPY is holding just below the YTD highs. USD is seeing fresh buying ahead of the event on the back of hawkish comments from Fed’s Bullard yesterday. The Philly Fed chief downplayed US recession risks and instead said that further tightening might […]

Metals Moving Up The metals market is rallying back this week. After coming under heavy selling pressure over the last month, gold futures are on course to print their fourth consecutive positive session today. The safe haven has seen better demand in recent days as US yields have fallen back ahead of the Fed’s Jackson […]

TitleCHFJPY H4 | Bullish bounce off pullback support TypeBullish Bounce Preference: Price is falling towards the pivot point of 164.536 which is a pullback support that sits above the 61.8% Fibonacci projection level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 165.49 which is an […]

Lagarde On Watch The Euro has fallen to its lowest level since early June ahead of the keenly awaited Jackson Hole Symposium taking place today. The event will feature hotly anticipated comments from both Fed’s Powell and ECB’s Lagarde, creating double the risk for EURUSD. On the back of yet further eurozone data weakness this […]