Topic: Daily Market Updates
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Powell’s speech set the stage for a big week
Global angst pushed euro below $1.08, the US macro trifecta to create volatility, and light UK calendar shifts focus elsewhere.
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Markets to dissect Powell’s speech today
Dollar climbs to 2-month high, reality catching up to the euro, and pound slumps to 10-week low.
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Risk appetite improves as Jackson Hole kicks off
Dollar dips despite surging yields, pound eyes 200-day moving average, and 6% peak back on the table.
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All eyes on the PMI’s
Stock gains limited with 2-year yield at 5%, Europe’s problems. Cyclical or structural? GBP/EUR eying fresh 1-year highs.
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Cautious risk recovery as yields still surging
Dollar dips despite surging yields, pound eyes 200-day moving average, and 6% peak back on the table.
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China is dominating the news flow
Real yields are starting to bite, China is Europe’s problem, really. 6% peak back on the table.