US: Focus on Fed this week – ING

In the US, all eyes will be on the Federal Reserve in this week – with both the August FOMC meeting minutes due Wednesday and the annual economic symposium at Jackson Hole on Friday, points out the research team at ING. Key Quotes “For global investors is whether the Fed acknowledge ...

USD/TRY expected to consolidate below 7.1310 – Commerzbank

According to Senior Analyst at Commerzbank Axel Rudolph, spot is seen consolidating below recent all-time highs above 7.00 the figure. Key Quotes “Last week USD/TRY shot up to a new all-time high at 7.1310 (according to CQG) before slipping back to last week’s low at 5.6972, only t ...

USD/CHF surrenders early gains, turns neutral around mid-0.9900s

   •  Sliding US bond yields fail to assist the USD to build on the early positive momentum.    •  Risk-on mood weighs on CHF’s safe-haven appeal and might help limit downside. The USD/CHF pair surrendered early gains to a session high level of 0.996 ...

US: The action before Jackson – TDS

Analysts at TD Securities point out that the Fed Chair Jay Powell will speak on "Monetary Policy in a Changing Economy" at the Kansas City Fed's annual policy symposium at Jackson Hole. Key Quotes “His opening remarks are scheduled for 10 AM ET on Friday, August 24. Powell ma ...

GBP/USD spikes to fresh session tops, beyond mid-1.2700s

   •  Cross-driven strength provides a minor lift in the last hour or so.    •  Pickup in the USD demand /Brexit concerns to cap any strong up-move. The GBP/USD pair quickly reversed a dip to 1.2730 area and spiked around 35-pips in the past hour, albei ...

Turkey: More focus – Rabobank

Analysts at Rabobank suggest that this week will see more focus on Turkey, which Qatar has temporarily bailed out with USD15bn. Key Quotes “However, both S&P and Moody’s downgraded its sovereign credit rating Friday, with the former saying “We forecast a recession nex ...

Battlefields Turkey, China and Italy – Nordea Markets

According to analysts at Nordea Markets, one of the reasons why the US has outperformed the rest of the world is the ongoing financial turmoil in China, Turkey and Italy. Key Quotes “Erdogan has reached out to both Germany (an official German state visit is planned for September 28/29) an ...

United Arab Emirates stocks higher at close of trade; DFM General up 0.44%

Investing.com – United Arab Emirates stocks were higher after the close on Monday, as gains in the Consumer Staples, Banking and Insurance sectors led shares higher. At the close in Dubai, the DFM General rose 0.44%, while the ADX General index unchanged 0.00%. The best performers of the session on ...

EU’s Moscovici: Not frightened about Italy

The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, speaking to Bloomberg TV this Monday, said that he is not frightened about Italy but EU needs to monitor on the country's national debt. Key quotes:    •  We must not change the rules o ...

Outlook on USD/JPY still unclear near term – UOB

The outlook on USD/JPY appears so far unclear although some consolidation seems likely in the short-term horizon. Key Quotes 24-hour view: “The unexpected sharp drop in USD appears incomplete and the immediate bias is on the downside. That said, downward momentum is not strong and an ...

Stocks- U.S. Futures Rise Ahead of U.S.-China Trade Talks

Investing.com – U.S. futures were higher on Monday as investors wait for the outcome of trade talks between the U.S. and China. The S&P 500 futures rose 5 points, or 0.18%, to 2,857.25 as of 6:50 AM ET (10:50 GMT) while Dow futures were up 54 points, or 0.21%, to 25,728.0. Meanwhile tec ...