Jackson Hole

Momentum finally turned lower on Wall Street after two Fed members forced traders to question their increasingly dovish positioning, ahead of Jerome Powell’s speech at Jackson Hole. USD/JPY may have already seen the swing low I've been seeking this week.

The Jackson Hole Economic Symposium is one of the most anticipated events in the financial world, attracting central bankers, policymakers, economists, and financial market participants globally. What were the results after each symposium in the past 5 years? Find out more here!

The Jackson Hole Economic Symposium is more than just a gathering of economic minds; it is a crucible for policy formation.

Flash PMIs are the notable economic data releases nest week, although the headline event will be Jerome Powell’s speech at the annual Jackson Hole symposium. It will allow him to hammer home the Fed’s stance on Friday, and therefore likely to take precedence over the FOMC minutes released two days prior. Canada’s inflation report is key for BOC watchers, who continue to make their cash rate decision on a ‘per meeting’ basis.

Nvidia share rallied 10% during after-hours trade thanks to another strong earnings report, and helped Nasdaq 100 future gap 1.3% higher at the open.

The Jackson Hole symposium, an annual economic policy conference sponsored by the Federal Reserve Bank of Kansas City, has arrived. And Jerome Powell's speech will be the highlight. We look at what impact it could have on AUD/USD.

The annual Jackson Hole symposium has arrived, and once again Jerome Powell will be the highlight of the event. Last year his speech marked the beginning of a 20% decline for the S&P 500 (which was already in a bear market), so his words clearly packed a punch. We also have retail sales data for the UK, Canada and the US and earnings from a few US companies can also help us measure consumer sentiment.

The US dollar was the clear winner following Jerome Powell's Jackson Hole speech, and Wall Street the clear loser - with rates unlikely to come down any time soon.

Jerome Powell will be hoping that inflation data, released just 90 minutes before his Jackson Hole speech, softens as expected.

Whilst US PMI data disappointed, it’s not as though the economic deterioration we’re witnessing didn’t come without plenty of warning. And the upshot all this is that it's deflationary.

Jerome Powell is likely to lay out a relatively hawkish outlook for monetary policy in our view, prompting traders to start pricing in a 75bps interest rate hike next month as the odds-on scenario...