The US Dollar Index has surged and managed to regain the uptrend after Fed Chairman Jerome Powell’s speech before Fed’s annual Jackson Hole Symposium, Friday morning, as the US central bank chair stressed that the monetary policymakers do not have the luxury to stop raising interest rates in the coming …

Stocks sharply sold off, on Friday, after Fed Chair Jerome Powell said in his Jackson Hole speech the central bank “won’t back off in its fight against rapid inflation”.The Dow Jones Industrial Average dropped 611 points, or 1.85%, after initially seesawing during the Fed chair’s comments. The S&P 500 fell …

Cleveland Federal Reserve President Loretta Mester said on Friday that the July inflation report was welcome news but added that she needed to see more convincing data to conclude inflation was coming down, as reported by Reuters.The US Dollar Index showed no immediate reaction to these comments and was last …

The Federal Reserve chair said households and businesses should prepare for pain as the central bank works to bring down inflation.Bitcoin dropped almost 5% in value within no more than two hours following Fed Chair Jerome Powell’s long-awaited keynote address at the Fed’s Jackson Hole, Wyoming, economic conference on Friday.US …

The University of Michigan Surveys of Consumers Sentiment was revised upwards in August, with the final print arriving at 58.2 vs. the preliminary reading of 55.1 and 55.2 expected.The US dollar index is rebounding firmly above 108.00, as investors assess the upward revision to the consumer sentiment data and Powell’s …

Volatility has soared after key US inflation data and following Jerome Powell’s Jackson Hole speech. Fed Chair keeps hawkish tone and stance, reiterating that high interest rates will persist for some time in the battle against hot inflation.At the time of writing, gold even trades between $1739.90 and $1741.10. Gold …

Stocks fell after Federal Reserve Chair Jerome Powell said Fed will continue to raise rates to fight inflation in his Jackson Hole speech while The Fed’s favourite inflation measure shows prices have eased in July. The Dow Jones Industrial Average dropped 302 points, or 0.91%. The S&P 500 fell 1.11% …

The US dollar ended Thursday mixed although there were no significant changes among major pairs. Investors are mildly optimistic as macroeconomic data was positive upbeat but cautious ahead of central banks’ governors, set to speak within the Jackson Hole Economic Symposium.The EUR/USD pair briefly traded above parity but could not …

Noticeably, traders, investors and economists have spent much of this week anticipating Jackson Hole Symposium which has now officially begun. Of course, markets are all waiting for the remarks by Fed Jay Powell which come at 10 o’clock tomorrow morning, Eastern Time. Markets have got some economic data that come …

The USD/CHF pair picks up bids to refresh intraday high, adds to the second consecutive weekly gain. Cautious optimism drove US dollar downwards ahead of the latest rebound amid pre-data as well as Jackson Hole event anxiety.A 10-week-old descending trend line and the 100-DMA, respectively near 0.9650 and 0.9665, restrict …