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Jackson Hole Symposium will be the highlight of the week – BBH

Research Team at BBH, suggests that the Fed chair Yellen speaks at the annual Jackson Hole Symposium on Friday, and will be the highlight of the week. Key Quotes “Over the weekend, Vice Chair Fischer said that the Fed is nearing its targets, which implied that tightening isn’t far off.  To the extent that Yellen shares…

China’s Market News: Lower Fiscal Income, Higher Property Price

This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. – The PBOC guided the Yuan weaker following the release of July FOMC Minutes. – The growth…

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Will Market Depth Return for Breakouts and Trends This Week?

Talking Points: Tight consolidation and precarious technicals from the likes of the S&P 500, VIX and USDJPY threaten resolution Volume and participation however are extremely low due to combined seasonal, structural and situational factors Top event risk this week includes the Jackson Hole Symposium, leaders’ Brexit meeting and PMI data (GDP proxies) See the DailyFX…

European stocks outside London advance

Despite persisting cautious tone during the European trading hours, the stocks on the European bourses managed to recover early losses, and now advances amid corporate news. The European markets climb this Monday, as ongoing weakness in the euro boosts the exporters’ stocks. A lower euro helps make shares of the European companies less expensive for foreign…

USD/CAD on Its Longest Daily Losing Streak in More Than 5 Years

Talking Points USD/CAD has declined nine consecutive days, the longest losing streak since January 2011 Retail traders are holding the longest net long USD/CAD exposure since May 2 Meanwhile, the pair’s negative correlation to oil has increased to -0.84 Want to learn more about the DailyFX SSI indicator? Click here to watch a tutorial. The…