The AUD/USD bulls are hanging following a significant strong move to the upside as China’s stimulus boosted risk sentiment and the proxy AUD.The Jackson Hole is now the main focus across financial markets. The AUD/USD pair is 1% higher on the day as the US dollar continues to find sellers …

The chances for a global recession drive the demand for safe-haven assets, and traditionally the US dollar is one of them. From a technical point of view, the US economy has already entered a recession due to posting two straight quarters of negative GDP growth. The EUR/USD pair has broken …

Federal Reserve’s president and CEO of the Federal Reserve Bank of St. Louis James Bullard: in a CNBC interview has said rates aren’t high enough now.Meanwhile, Fed funds futures traders are pricing in a 59% chance that the Fed will hike rates by another 75 basis points at its September …

The GBP/USD fluctuates during the day as traders wait for Fed’s Powell to take the stand on the sidelines. US growth in the second quarter improved but remains below the 0% threshold; a US recession looms.Money market futures expect the BoE to hike rates 250 bps by May of 2023. …

The S&P 500 and the Nasdaq surged on Thursday on support from growth and semiconductor stocks, while investors eyed the Federal Reserve’s Jackson Hole conference for clues on its policy outlook. Fed Chair Jerome Powell is due to give a speech on Friday that will be scrutinized for any indication …

The Federal Reserve should continue raising it benchmark interest rate until it is over 3.4% and then “sit for a while,” said Philadelphia Fed President Patrick Harker on Thursday.“We don’t need to rush way up and then rush way down,” Harker said, in CNBC interview from the Fed’s retreat in …

The USD/CAD pair dropped 0.15% on Thursday as market players prepare for further hawkish rhetoric by the Fed. The USD/CAD slides towards new weekly lows in the North American session amidst a positive market mood, spurred by China’s 1 trillion CNY stimulus, aimed to fix the housing and construction crisis. …

Investors have an eye on digesting the latest US economic data and another eye on the signals that could be contained in Fed Chair Jerome Powell’s speech before Jackson Hole Symposium on Friday. Fed’s annual event will host global economists and policymakers to discuss a variety of topics. Market players …

Wall Street closed higher on Wednesday, lifted by gains in energy stocks while investors await Federal Reserve’s Jackson Hole conference later this week.Intuit Inc rallied by 4% after the accounting software maker forecast upbeat fiscal 2023 revenue, providing reasonable boost for the tech-heavy NasdaqAfter the bell, Salesforce Inc (CRM.N) dipped …

After fluctuating in a choppy trading session on Wednesday, West Texas Intermediate rose 1.2% to settle near $95 per barrel. The Energy Information Administration data showed that US crude stockpiles fell amid record petroleum exports. Meanwhile, the US sent its response to the EU’s latest proposal to rescue the 2015 …