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EMERGING MARKETS-EM assets on hold ahead of Powell's speech; China stocks pop
EM stocks up 0.1%, FX flatPolish stocks plunge after bank tax hikeJerome Powell's speech at 1400 GMTBy Pranav Kashyap Aug 22 (Reuters) - Most emerging market assets stayed in a tight lane on Friday as investors braced for Federal Reserve Chair Jerome Powell's much‑anticipated speech later...Reuters
Fri, Aug 22
FOREX-Dollar firms as traders pare rate cut bets ahead of Powell speech
Euro, sterling touch two-week low ahead of Powell speechPowell's tone may sway markets as traders trim rate cut bets Odds of 25 basis point cut in September at 73%Japan inflation data keeps BOJ rate hike on the table By Jaspreet Kalra and Ankur Banerjee SINGAPORE, Aug 22 (Reuters) - The U...Reuters
Fri, Aug 22
AUD/USD trades with caution near 0.6400 as Fed Powell’s speech takes centre stage
The AUD/USD pair trades cautiously near a fresh two-month low around 0.6400 during the European trading session on Friday. The Aussie pair is expected to remain on tenterhooks as investors await Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
Fxstreet
Fri, Aug 22
Silver Price Forecast: XAG/USD tests $38.00 support near nine-day EMA
Silver price (XAG/USD) depreciates after two days of gains, trading around $38.10 per troy ounce during the European hours on Friday. The technical analysis of the daily chart suggests the price of the precious metal remains within a descending channel pattern, indicating a bearish bias is active.
Fxstreet
Fri, Aug 22
NZD/USD extends downside to near 0.5800 as traders brace for Powell’s Jackson Hole remarks
The NZD/USD pair remains under selling pressure near 0.5805 during the early European trading hours on Friday. The Reserve Bank of New Zealand’s (RBNZ) dovish tone exerts some selling pressure on the New Zealand Dollar (NZD) against the Greenback.Fxstreet
Fri, Aug 22
EUR/GBP posts modest losses near 0.8650 ahead of German GDP release
The EUR/GBP cross trades with mild losses near 0.8650 during the early European session on Friday. The expectations that the Bank of England (BoE) might hesitate to cut interest rates in the remainder of the year support the Pound Sterling (GBP) against the Euro (EUR).
Fxstreet
Fri, Aug 22
FOREX-Dollar firms as traders rethink rate cut bets ahead of Powell speech
Dollar on course for weekly gain ahead of Powell speech Powell's tone may sway markets as rate cut bets ease Japan inflation data keeps BOJ rate hike on the table By Ankur Banerjee SINGAPORE, Aug 22 (Reuters) - The U.S. dollar firmed on Friday and was poised for a strong weekly performance as...Reuters
Fri, Aug 22
USD/CHF refreshes weekly high near 0.8100 as US Dollar trades firmly
The USD/CHF pair posts a fresh weekly high near 0.8100 during the late Asian session on Friday. The Swiss Franc pair advances as the US Dollar (USD) trades firmly ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
Fxstreet
Fri, Aug 22
USD/MXN ticks higher after Banxico Minutes; looks to Powell's speech for fresh impetus
The USD/MXN pair attracts some dip-buying near the 18.7375 area during the Asian session on Friday, and for now, seems to have snapped a two-day losing streak. Spot prices, however, lack bullish conviction and currently trade around the 18.7665 zone, up just over 0.05% for the day.
Fxstreet
Fri, Aug 22
AUD/JPY Price Forecast: Resumes upward journey above 100-day EMA near 95.50
The AUD/JPY cross attracts some buyers to around 95.45 during the early European session on Friday. The uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ) continues to drag the Japanese Yen (JPY) lower and acts as a tailwind for the cross.
Fxstreet
Fri, Aug 22
USD/INR opens higher amid caution ahead of Fed Chair Powell’s speech
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday. The USD/INR pair rises to near 87.60 as the US Dollar demonstrates strength ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at the Jackson Hole (JH) Symposium at 14:00 GMT.Fxstreet
Fri, Aug 22
EUR/JPY Price Forecast: Holds above 172.00; bullish technical setup backs positive outlook
The EUR/JPY cross attracts some buyers for the second consecutive day on Friday as the uncertainty over the likely timing of the next rate hike by the Bank of Japan (BoJ) undermines the Japanese Yen (JPY).
Fxstreet
Fri, Aug 22
EUR/USD weakens below 1.1600, all eyes on Jackson Hole Symposium
The EUR/USD pair attracts some sellers to around 1.1595 during the Asian trading hours on Friday, pressured by a rebound in the US Dollar (USD). The German Gross Domestic Product (GDP) for the second quarter (Q2) is due later on Friday.Fxstreet
Fri, Aug 22
