Wonderful introduction:
Optimism is the line of egrets that are straight up to the blue sky, optimism is the ten thousand white sails beside the sunken boat, optimism is the lush grass that blows with the wind on the head of the parrot island, optimism is the falling red spots that turn into spring mud to protect the flowers.
Hello everyone, today XM Foreign Exchange will bring you "[XM Official Website]: Jackson Hall Annual Meeting releases dovish signals, and the US Treasury yield curve has steepened significantly." Hope it will be helpful to you! The original content is as follows:
On August 25, the US dollar (USD) held its ground in the early trading on Monday, but it was difficult to achieve recovery momentum after a sharp sell-off during the US session on Friday. Later in the day, the Chicago Fed National Event Index and July new home sales data will appear in the U.S. Economic Calendar. In addition, the Dallas Federal Reserve Bank will release its Texas manufacturing survey in August.
Feder Chairman Jerome Powell said in a speech entitled “Economic Outlook and Framework Review” at Jackson Hall’s annual economic seminar on Friday that they will adopt a new policy framework for flexible inflation targets and eliminate the “makeup” strategy for inflation. Powell acknowledged that downside risks in the labor market are rising, while noting that the inflationary impact of tariffs can be reasonably expected to be short-lived. The remarks triggered a sell-off in the dollar over the weekend, with the dollar index falling nearly 1% on the day, erasing all weekly gains in the process. Meanwhile, major Wall Street stock indexes rose more than 1% on Friday. U.S. stock index futures fell 0.1% to 0.2%.
Euro/USD rose sharply on Friday and closed slightly higher this week. In early European trading on Monday, the pair was still in the consolidation phase above 1.1700. Market participants will closely monitor IFO-current assessment and business prosperity data from Germany.
The GBP/USD rose more than 0.8% on Friday, ending a four-day decline. The pair remained relatively calm and fluctuated above 1.3500 during the European period.
The US dollar/yen fell about 1% on Friday and traded above 147.00. Japanese data shows that the leading economic index in June has been from May106.1 dropped to 105.6.
Gold fluctuated in narrow channels earlier and easily stayed above $3360.
Euro: The intraday bias of the euro/dollar remains upward as it is rising from 1.1390. The correction pattern starting from 1.1829 should have been vejck.cnpleted, with three waves falling to 1.1390. Further rebound should first retest the 1.1829 high. Firm breakthroughs will resume a larger upward trend. Currently, as long as the 1.1582 support level remains unchanged, the risk will remain upward in case of a fallback.
The above content is all about "[XM official website]: Jackson Hall annual meeting releases dovish signals, and the US Treasury yield curve has steepened significantly". It was carefully vejck.cnpiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your transactions! Thanks for the support!
Share, just as simple as a gust of wind can bring refreshment, just as pure as a flower can bring fragrance. The dusty heart gradually opened, and I learned to share, sharing is actually so simple.