S&P 500 Heads for 5th Consecutive Day of Losses as Investors Prepare for Powell’s Speech; Walmart Shares Fall Following Earnings
Boeing is reportedly negotiating to sell 500 planes to China 15 minutes ago Boeing is said to be in discussions to sell up to 500 aircraft to China, signaling a significant move in the competitive landscape of aircraft manufacturing. Details on the types and exact numbers of the planes haven’t been fully disclosed yet, but […]
Powell’s careful approach at Jackson Hole
As Jerome Powell prepares for his speech in Jackson Hole, the U.S. dollar finds itself in a delicate position, grappling with the Federal Reserve’s warnings alongside the White House’s call for lower interest rates. According to the minutes from the Federal Open Market Committee meeting on July 30th, many Fed officials perceive the impact of […]
Bitcoin ETFs Lose $645M This Week as Wall Street Pulls Back Before Powell’s Speech
Simply put Bitcoin ETF experienced a $645 million decline over just two days, with a significant redemption from Fidelity’s FBTC on Tuesday amounting to $246.9 million. Analysts suspected that the outflows were timed with investors potentially re-evaluating their positions ahead of Federal Reserve Chair Powell’s upcoming speech at Jackson Hole. This sell-off reversed the previous […]
USD/JPY Price Outlook: Expected to stay flat before Powell’s Jackson Hole address
USD/JPY Market Update USD/JPY appears to have stabilized and is unlikely to recover the 20-day SMA following its recent dip. Resistance levels are at 148.00 and 148.51, which could limit gains towards the 200-day SMA around 149.15. Support can be found at 147.50 and 147.00, and selling might push prices lower to approach the 50-day […]
EUR/USD stabilizes under 1.1650 ahead of Powell’s speech at Jackson Hole
The EUR/USD is stabilizing around 1.1640 as traders await a speech from Powell on Friday. Expectations for Fed rate cuts are mixed: the CPI raised hopes for a 50 basis points reduction, while a rise in the PPI kept some anticipating a 25 basis points cut or no change at all. Trump is urging a […]
GBP/USD stays close to 1.3540 as traders look forward to the Ukraine-Russia outcome and Powell’s speech.
GBP/USD remains steady amid hopes for a ceasefire between Trump and Putin, offsetting a quiet economic calendar. Market awaits Powell’s speech at Jackson Hole, along with FOMC Minutes and US PMI data. The UK’s CPI is anticipated to be 3.7%, adding pressure on the BOE after a 25 bps cut in the last meeting. The […]
Upcoming Week for Bitcoin: Significant Volatility Decline as Powell’s Jackson Hole Speech Approaches
Market Calm Ahead of Fed’s Jackson Hole Speech Traders are gearing up for the upcoming speech from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, taking place from August 21st to 23rd. There’s a sense of calm across various asset classes as everyone watches closely. Bitcoin’s implied volatility, tracked by Volmex’s BVIV and […]
Trump May File Lawsuit Regarding Powell’s Oversight of Federal Properties
Trump Criticizes Fed Chairman Powell On Tuesday, President Donald Trump directed criticism at Federal Reserve Chairman Jerome Powell, labeling him a “loser” in a post on social media. In his statement, Trump mentioned, “Jerome ‘too late’ Powell now has to lower his rate. Steve ‘Manuitin’ really gave him a ‘beauty’ when he pushed this loser.” […]
Trump names Stephen Miran as his choice for the Federal Reserve board amid rumors about Powell’s replacement.
Trump Appoints Economic Adviser to Federal Reserve In a recent move, President Trump appointed Dr. Stephen Miran, a key economic advisor, to fill a vacant seat on the Federal Reserve Board. This decision comes shortly after Chairman Jerome Powell faced pressure to resign or take action on interest rates amidst ongoing economic discussions. Trump announced, […]
Powell’s Fed is stifling growth just as the recovery begins.
Just two days after Federal Reserve Chairman Jerome Powell chose to keep interest rates unchanged, the Bureau of Labor Statistics released some disappointing news regarding the US economy. In July, job creation fell significantly short of expectations, with adjustments revealing a weaker job market in both May and June. The unemployment rate for July now […]