The US dollar rebounds strongly as Fed Chair Powell signals a persistent hawkish stance at Jackson Hole. With inflation still above target and no quick rate cuts expected, markets recalibrate forecasts, lifting Treasury yields and boosting the dollar against major currencies. #Forex #USD #FederalReserve
The US dollar extends gains amid growing anticipation of Federal Reserve Chair Jerome Powell’s Jackson Hole speech. Markets are pricing in ongoing monetary tightening as economic data points to resilient growth and persistent inflation pressures. Investors await Powell’s remarks for signals on future rate hikes and policy direction. US Treasury yields remain elevated, supporting dollar strength versus other major currencies.
USD/JPY surged above 147 as the dollar gains on Fed’s hawkish stance and resilient U.S. data, while the BOJ maintains its ultra-loose policy. Japanese officials warn of intervention risks as the yen weakens amid widening interest rate differentials. Traders watch closely ahead of Powell’s Jackson Hole speech and potential policy shifts.
The U.S. dollar surged to a two-month high amid strong economic data and expectations that the Federal Reserve will keep interest rates elevated through 2024. Meanwhile, the euro and pound weakened due to Eurozone slowdown and cautious central bank outlooks, reflecting diverging monetary policies and global economic challenges in Forex markets.
The US dollar strengthened after Fed Chair Powell’s Jackson Hole speech, signaling possible further rate hikes amid persistent inflation concerns. Markets reacted with the dollar rallying against major currencies while risk assets showed cautious sentiment. This hawkish tone suggests tighter monetary policy may persist through 2024, impacting Forex traders and investors globally.
USD edges higher, hitting its strongest level in over 10 weeks as traders await this week’s crucial U.S. economic data, including Core PCE inflation and nonfarm payrolls. Market consensus leans toward steady Fed rates amid persistent inflation and a resilient labor market, keeping the dollar supported against major currencies.
USD/JPY rallies as traders respond to Fed Chair Powell’s Jackson Hole remarks. Powell reiterated caution but signaled that further rate hikes remain possible amid persistent inflation. The dollar gains support from rising U.S. yields and the BOJ’s steady ultra-loose policy, pushing the pair toward the 146.65 level. Market focus remains on upcoming data and central bank signals.
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Analyzing recent setups on USD/CAD and EUR/USD reveals key corrective patterns and potential reversals. USD/CAD shows a corrective wave B within consolidation, waiting for a breakout above 1.3650 to confirm bullish momentum. Meanwhile, EUR/USD may be completing a five-wave decline, hinting at a near-term rebound. Gregor Horvat’s Elliott Wave approach combined with price action and fundamental factors offers traders actionable insights to navigate these pairs effectively. #ForexAnalysis #USD_CAD #EUR_USD
USD/CAD and EUR/USD remain key gauges of global forex dynamics amid diverging central bank policies and shifting economic data. USD/CAD tests critical support near 1.3400, influenced by oil prices and rate differentials; a break could set the next trend. Meanwhile, EUR/USD holds key resistance zones as ECB and Fed cues drive volatility. Traders should watch technical levels alongside fundamental catalysts to identify high-probability setups in these major pairs. Analysis inspired by James Stanley’s FXStreet article. #Forex #TradingInsights
The U.S. dollar advanced broadly after May’s new home sales exceeded expectations, signaling economic resilience and influencing market sentiment. This strength pushed the DXY index above 106.20, pressuring EUR/USD and GBP/USD lower, while supporting USD/CAD and USD/JPY. Technical and fundamental factors highlight ongoing dollar momentum amid mixed global cues. For detailed analysis, see FX Empire’s insights by Vladimir Zernov.
https://www.fxempire.com/forecasts/article/u-s-dollar-gains-ground-as-new-home-sales-beat-estimates-analysis-for-eur-usd-gbp-usd-usd-cad-usd-jpy-1543817
