Futures rise ahead of central bank action

22 Août, 2019, 16:24 | Auteur: Auguste Feret
  • Comex Gold

All eyes on Jackson Hole meeting, Fed's Powell's speech * G7 meeting also awaited for finance officials' comments * Fed minutes show officials view July cut as mid-cycle adjustment * Euro little moved by Italian PM's resignation * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh (Adds new comments, Fed minutes, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, Aug 21 (Reuters) - The dollar advanced against the safe-haven yen and Swiss Franc on Wednesday, as risk appetite increased with global stocks and USA yields were mostly higher ahead of an annual Federal Reserve gathering later this week in Jackson Hole, Wyoming and a summit of major central banks this weekend. Market participants are waiting for any statement from the Fed and other global monetary authorities meeting at a Group of Seven summit this weekend on possible measures to lift slumping economies around the world. The minutes will give investors an insight into policy maker deliberations prior to the first U.S. interest rate cut in a decade.

The event will be followed by tomorrow's European Central Bank minutes and the Jackson Hole symposium on Friday, where the focus will turn to Fed Chair Jerome Powell's tone and signals of further easing. The interest rate futures market has priced in 100 basis points of easing over the next year.

This week's calendar includes new home sales for July, as well as minutes from the last Federal Reserve meeting. In midday trading, the dollar fell 0.3% against the yen to 106.34 yen and was down 0.3% versus the Swiss franc at 0.9792 franc. "This is definitely supportive of the dollar", he added.

Protests In Hong Kong Continue, Remain Peaceful Throughout The Weekend
She said only a few protesters had used violence, sparingly, and that it was brought on by pressure from authorities and police. On Saturday, thousands of school teachers joined anti-government protests.

MLS : l'Impact de Montréal limoge Rémi Garde (Officiel)
Précédemment, il avait été entraîneur-chef de la sélection nationale américaine des moins de 17 ans, de 2007 à 2012. Cabrera, un Colombien de 51 ans, était jusqu'à tout récemment l'entraîneur-chef du Dynamo de Houston.

Alyssa Milano : ses confidences bouleversantes sur ses deux avortements
J'appelle à une grève du sexe. "Nos droits liés à la procréation sont supprimés". C'était mon choix et c'était le bon pour moi.

The Australian dollar was largely flat at $0.6779 after edging up 0.2% on Tuesday.

Unfortunately, the minutes will likely be considered history by now and irrelevant due to the latest developments in trade wars and the Trump Administration's announcement on the final tranche of tariffs which will place the spotlight on Powell this Friday at Jackson Hole.

The single currency dipped briefly after Italy's Prime Minister Giuseppe Conte announced his resignation on Tuesday. Collin Martin, fixed income strategist at Schwab Center for Financial Research in NY said it would be interesting to see whether Powell in his speech on Friday still characterizes July's easing as a mid-cycle adjustment or a signal for a series of interest rate cuts. Credit Agricole strategist Manuel Oliveri expects the euro to strengthen towards $1.12 by September even though the European Central Bank will struggle to exceed investor expectations for cutting rates.

Conseillé:



Populaire

Storm area 51: Alien tourists prompt Nevada emergency crowd planning
That same weekend in Hiko, about 45 minutes from Rachel, the Alien Research Center souvenir shop is hosting an exposition. Air Force test area known in popular lore as a site for government studies of outer space aliens also are preparing.

Ex-Ghana striker Junior Agogo is dead
Richard Kingston indicated that the former striker was always in his thoughts and prayers and urged him to fight on. Junior Agogo sarcastically asks while conducting the interview.

US deficit to exceed $1 trillion next year, CBO says
Her organization is focused on educating the public on issues with significant fiscal policy impact. Kevin Brady of Texas said at the Peterson Foundation's fiscal summit in Washington.

MotoGP: Sylvain Guintoli remplacera Joan Mir, blessé, chez Suzuki à Silverstone
Après un premier forfait en Autriche, Joan Mir sera une nouvelle fois absent cette semaine pour le Grand Prix de Grande-Bretagne. Le test de Misano sera l'occasion idéale pour lui d'évaluer sa condition physique avant de revenir dans le vif du sujet.

Putin says Russian Federation ‘will react accordingly’ after United States missile tests
On Aug. 2, the USA formally withdrew from the nuclear pact, following a months-long war of words between Moscow and Washington. "We are not hiding this", Putin said.

Conor McGregor Has A Message For Nate Diaz
His only mention was retweeting Dillon Danis: "makes you think just how good is Conor McGregor ". It's what I was hoping you would implement for this bout and was glad to see you do it.

Ousmane Dembélé agace le staff médical — Barça
Son club, qui a pourtant déboursé une fortune pour l'obtenir, ne serait d'ailleurs pas opposé à un départ. Surtout, ce sont des blessures à répétition qui interrogent quant à sa solidité et même son sérieux.

Internationaux des États-Unis : Amanda Anisimova déclare forfait
A l'US Open, elle sera remplacée dans le tableau principal par une joueuse ayant perdu au troisième tour des qualifications. Konstantin Anisimov, sa femme Olga et leur fille aînée Maria ont quitté la Russie pour s'installer aux Etats-Unis en 1998.

NASA explores rocky exoplanet's surface
The presence of an atmosphere on the Earth is the reason liquid water can exist on the surface, enabling life on the planet. But if an atmosphere were present, it would allow for the force of wind to carry hot air to the other side of the planet.

Millie Bobby Brown to launch Gen Z makeup brand Florence by Mills
The Stranger Things actor has been working on the collection in secret for two years now. The caption read, "So here it is, Florence by Mills ".