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Will Fed chair Powell meet dovish expectations at Jackson Hole? Major markets cautiously wait
There have been some significant swings in bond and forex markets in the past 24 hours as traders prepare themselves for what could be a ground-breaking speech from the chairman of the Federal Reserve, Jerome Powell today. However,. Given the importance of the speech, we see a calm and cautious look to forex majors, whilst equities are also flat. Markets have been anticipating a dovish shift from chair Powell, and it was interesting to see the dollar weakening once more into the close yesterday, whilst the huge rally on Wall Street continued. However, will these dovish expectations be met?Powell speaks via a webcast ... (full story)
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Confucius: the man who broke the mountain was the same man who started ...
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...because you never know - until you do!
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