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The Markets Await Jackson Hole
The U.S. dollar gained some ground today against the major currencies. The markets are waiting for Yellen’s speech on Friday, as well as the outcome from the annual Jackson Hole Economic Policy Symposium, the ‘meeting of the minds’ of Fed policy. On the euro-dollar hourly chart, the pair is currently trading sideways,…
Powell’s Hawkish Comments about the U.S. Economy and Rate Hikes Have Sent the Euro Reeling from the 3-Year High
The euro continued its downtrend and broke below 1.22 after the Fed chair’s remarks. The euro extended its decline after the hawkish comments from the new Fed chairman, Powell, earlier this week. The euro has continued to weaken against the U.S. dollar because of the Fed chair, Jerome Powell’s, upbeat…
How Deutsche Bank Crisis Could Affect Your Investment – Part I
The biggest news in the financial markets yesterday was Deutsche Bank. The shares of DB have fallen more than 7% since yesterday. This month alone, the share prices have plummeted more than 30%. However, the Dow was pretty resilient to the news and merely dropped 1%. It seems that people…