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Position Squaring Ahead of US Data Helps the Dollar Recoup Some Recent Losses Position Squaring Ahead of US Data Helps the Dollar Recoup Some Recent Losses Reviewed by Marc Chandler on August 31, 2023 Rating: 5
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Market Awaits US Data and Leadership

August 30, 2023
Overview:  The dollar staged a major technical reversal yesterday, in a dramatic reaction to a considerably weaker JOLTs report than expected, spurring a large drop in US interest rates. And this is despite press reports that the participation rate in the survey is half of what was three years ago. We suspect the price action said as much about ma…
Market Awaits US Data and Leadership Market Awaits US Data and Leadership Reviewed by Marc Chandler on August 30, 2023 Rating: 5
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Still No Follow-Through Dollar Buying After Last Week's Surge

August 29, 2023
Overview: The dollar was threatening to break higher at the end of last week, and the euro and sterling closed below key supports. However, so far this week, the greenback is consolidating and has not seen follow-through buying. The key data this week, US consumption and jobs, and the eurozone's CPI still lay ahead. The Antipodeans and Norwegi…
Still No Follow-Through Dollar Buying After Last Week's Surge Still No Follow-Through Dollar Buying After Last Week's Surge Reviewed by Marc Chandler on August 29, 2023 Rating: 5
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Dollar Consolidates as Market Considers Breakout and Rebuffs Beijing's Latest Efforts Dollar Consolidates as Market Considers Breakout and Rebuffs Beijing's Latest Efforts Reviewed by Marc Chandler on August 28, 2023 Rating: 5
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Week Ahead: Slowing US Jobs and Softening EMU Inflation

August 26, 2023
The Jackson Hole symposium marks the end of summer just as much as the autumn equinox next month. It has been a tough few months for bond markets as yields have soared. For the US economy, which has proven more resilient than many, including Fed officials thought, and a sharp increase in anticipated supply of Treasuries, the rise in yields may be …
Week Ahead: Slowing US Jobs and Softening EMU Inflation Week Ahead: Slowing US Jobs and Softening EMU Inflation Reviewed by Marc Chandler on August 26, 2023 Rating: 5
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Dollar Bid and Rates Firm Ahead of Powell

August 25, 2023
Overview: The euro and sterling took out important chart levels near $1.08 and $1.26, respectively. They have steadied in the European morning but remain fragile ahead of Fed Chair Powell's speech at Jackson Hole. A couple of ECB officials sounded a bit hawkish and a less hawkish comment by ECB President Lagarde could renew the pressure on the…
Dollar Bid and Rates Firm Ahead of Powell Dollar Bid and Rates Firm Ahead of Powell Reviewed by Marc Chandler on August 25, 2023 Rating: 5
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BRICS to Expand a Little, USD Steadies after Yesterday's Retreat, Attention Turns to Jackson Hole BRICS to Expand a Little, USD Steadies after Yesterday's Retreat, Attention Turns to Jackson Hole Reviewed by Marc Chandler on August 24, 2023 Rating: 5
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