• About
  • Blog
  • Best Brokers Worldwide
  • Contact
  • Home
  • Forex
    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Putin allows Russian banks under sanctions to halt some FX operations

    Putin allows Russian banks under sanctions to halt some FX operations

    South Korea probes $3.1bn crypto-linked forex transactions

    South Korea probes $3.1bn crypto-linked forex transactions

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    Paraguay’s crypto framework one step away from becoming law

    Paraguay’s crypto framework one step away from becoming law

  • Education
    Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

    Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

    Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

    Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

  • Commodities
    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Oil prices jump as Middle East violence rattles markets

    Oil prices jump as Middle East violence rattles markets

    Panamanian trade unions reach agreement with government on essential commodities

    Panamanian trade unions reach agreement with government on essential commodities

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Can commodities make a comeback?

    Can commodities make a comeback?

    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

    The traders earning $6m+ outside banks and hedge funds

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

  • Cryptocurrencies
    Crypto’s decentralization problem: The word is used too often to justify bad product decisions

    Crypto’s decentralization problem: The word is used too often to justify bad product decisions

    Bitcoin Is Set to Thrive in October—No Matter Where Rates Go, Analyst Says

    Bitcoin Is Set to Thrive in October—No Matter Where Rates Go, Analyst Says

    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Yen shorts crumble as hot FX trade comes to end

    Yen shorts crumble as hot FX trade comes to end

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Crypto exchange Coinbase looks to expand footprint in Europe

    Crypto exchange Coinbase looks to expand footprint in Europe

    How ETF investors can bet on the crypto crash

    How ETF investors can bet on the crypto crash

FX Access
  • Home
  • Forex
    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    EUR/USD Price Analysis: Seems vulnerable near mid-1.0500s amid geopolitical tensions

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Australian Dollar extends gains on higher commodity prices, geopolitical tension in the Middle East

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Proof-of-Stake-powered Cryptocurrency COSMOS Launches on 1xBit

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Markets turn cautious as focus shifts to US data, FOMC Minutes

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Dollar soars on hopes the US could avoid recession despite the aggressive Fed

    Putin allows Russian banks under sanctions to halt some FX operations

    Putin allows Russian banks under sanctions to halt some FX operations

    South Korea probes $3.1bn crypto-linked forex transactions

    South Korea probes $3.1bn crypto-linked forex transactions

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    All ‘Ethereum killers’ will fail: Blockdaemon’s Freddy Zwanzger

    Paraguay’s crypto framework one step away from becoming law

    Paraguay’s crypto framework one step away from becoming law

  • Education
    Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

    Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

    Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

    Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

  • Commodities
    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Abu Dhabi’s oil champion ADNOC bets on global expansion

    Oil prices jump as Middle East violence rattles markets

    Oil prices jump as Middle East violence rattles markets

    Panamanian trade unions reach agreement with government on essential commodities

    Panamanian trade unions reach agreement with government on essential commodities

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Dollar surges and stocks tumble as traders weigh global growth outlook

    Can commodities make a comeback?

    Can commodities make a comeback?

    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

    The traders earning $6m+ outside banks and hedge funds

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

  • Cryptocurrencies
    Crypto’s decentralization problem: The word is used too often to justify bad product decisions

    Crypto’s decentralization problem: The word is used too often to justify bad product decisions

    Bitcoin Is Set to Thrive in October—No Matter Where Rates Go, Analyst Says

    Bitcoin Is Set to Thrive in October—No Matter Where Rates Go, Analyst Says

    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Ripple Is Considering Buying Bankrupt Crypto Lender Celsius’ Assets: Report

    Yen shorts crumble as hot FX trade comes to end

    Yen shorts crumble as hot FX trade comes to end

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Crypto Is Coming to Esports: The Games and Economics of Tomorrow

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Singapore’s crypto aspirations shaken by Three Arrows collapse

    Crypto exchange Coinbase looks to expand footprint in Europe

    Crypto exchange Coinbase looks to expand footprint in Europe

    How ETF investors can bet on the crypto crash

    How ETF investors can bet on the crypto crash

FX Access
No Result
View All Result

U.S Economic Data and FED Chair Powell Put the Greenback in the Spotlight

While it’s on the quieter side in the European session, jobless claims numbers from the U.S and FED Chair Powell will make it interesting later in the day.

poweradmin by poweradmin
August 28, 2020
Home Education
Share on FacebookShare on Twitter

Earlier in the Day:

It’s was a quieter start to the day on the economic calendar this morning.  The Aussie Dollar was in action in the early part of the day, with economic data from China also in focus.

Away from the economic calendar, positive updates from Moderna on its COVID-19 vaccine clinical trials were positive.

The markets will also be looking ahead to FED Chair Powell’s speech from Jackson Hole scheduled for later today.

For the Aussie Dollar

Private new CAPEX fell by 5.9% in the 2nd quarter, following a 1.6% decline from the 1st quarter. Economists had forecast an 8.4% slide.

According to the ABS,

  • Plant and machinery capital expenditure fell by 6%, following a 2.3% decline in the 1st quarter.
  • Building expenditures fell by 4%, following a 1.1% decline in the 1st quarter.

The Aussie Dollar moved from $0.72388 to $0.72344 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.01% to $0.7234.

From China

Industrial profits increased by 19.6%, year-on-year, in July. In June, profits had increased by 11.5%. Year-to-date, profits were down by 8.1%. This was marginally better than in June when profits had been down by 12.8%.

Elsewhere

At the time of writing, the Japanese Yen was up by 0.03% ¥105.96 against the U.S Dollar, with the Kiwi Dollar up by 0.21% to $0.6635.

The Day Ahead:

For the EUR

It’s a quiet day ahead on the economic calendar. There are no material stats due out of the Eurozone to provide the EUR with direction.

A lack of stats will leave the EUR in the hands of geopolitics and market risk sentiment on the day.

There’s Brexit, the U.S and China, COVID-19, and the Jackson Hole Symposium to influence on the day.

At the time of writing, the EUR was up by 0.03% to $1.1833.

For the Pound

It’s also a quiet day ahead on the economic calendar. There are no material stats to provide the Pound with direction.

A lack of stats will continue to leave the Pound in the hands of Brexit, the latest COVID-19 news and numbers, and geopolitical risk.

At the time of writing, the Pound was down by 0.01% to $1.3209.

Across the Pond

It’s a relatively busy day ahead for the U.S Dollar. Key stats include 2nd estimate GDP numbers, the weekly jobless claims, and pending home sales figures.

While we can expect some interest in the GDP numbers, the weekly jobless claims will likely be the key driver. We don’ anticipate that the pending home sales figures will have any influence on the day.

On the U.S economy and monetary policy, the Jackson Hole Symposium will be of particular influence. FED Chair Powell is scheduled to speak later this afternoon. Following the gloomy FOMC meeting minutes, will there be any newfound optimism following last week’s private sector PMIs?

Away from the economic calendar, U.S President Trump will no doubt have a few things to say after Powell’s speech…

At the time of writing, the Dollar Spot Index was down by 0.12% to 92.884.

For the Loonie

It’s another quiet day on the economic data front. There are no material stats to provide the Loonie with direction.

On the monetary policy front, BoC Gov. Council Member Maklem is scheduled to speak. Expect any chatter on monetary policy and the economic outlook to influence.

Away from the economic calendar, chatter from the Jackson Hole Symposium will influence sentiment towards crude oil demand… Any gloomy chatter would likely weigh on crude oil prices and also the Loonie.

At the time of writing, the Loonie was down by 0.05% to C$1.3150 against the U.S Dollar.

poweradmin

poweradmin

Next Post
NZD/USD Price Analysis: Longer-term bullish, short-term bearish

NZD/USD Price Analysis: Longer-term bullish, short-term bearish

Please login to join discussion

Recommended.

Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

October 9, 2023
Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

October 9, 2023
China-EU relationship is at a crossroads, top official says in Beijing

China-EU relationship is at a crossroads, top official says in Beijing

October 9, 2023
The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says

The U.S. is weaker now than when we downgraded in 2011, former S&P ratings chairman says

October 9, 2023
Abu Dhabi’s oil champion ADNOC bets on global expansion

Abu Dhabi’s oil champion ADNOC bets on global expansion

October 9, 2023
FX Access

FX Access tells you what’s new in politics, investment and economic, why it matters, how it works and what you need.

Follow Us

Categories

  • Commodities
  • Cryptocurrencies
  • Economic
  • Education
  • Forex

Recent News

Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

Q4 Trade Opportunity: EUR/CAD Long-Term Reversal as Oil, Inflation Rise

October 9, 2023
Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

Australian Dollar Dips as US Dollar Rallies After Israel Attack. Lower AUD/USD?

October 9, 2023
  • About
  • Blog
  • Best Brokers Worldwide
  • Contact

© 2022 FX Access | All rights reserved.

No Result
View All Result
  • Home
  • Forex
  • Education
  • Commodities
  • Cryptocurrencies

© 2022 FX Access | All rights reserved.