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Thursday, August 22, 2024

American Market Recap: US equity close: Early optimism crushed by Powell angst

US equity close: Early optimism crushed by Powell angst

SPX daily US equities opened higher but with Treasury yields rising and Powell on the agenda tomorrow, the worries crept it. Big cap tech was particularly soft as well. Aside from Powell, some may be... 

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Euro bounces from 1.11

Yesterday the euro touched the highest in a year as it rallied for a fourth straight day. A good chunk of that climb was on the heels of a broadly softening US dollar but the market is also feeling mo... 

Preview: What to expect from Powell at Jackson Hole

AI image Friday at 10 am ET, Federal Reserve Chairman Jerome Powell will deliver his highly-anticipated annual speech at Jackson Hole in Wyoming. Current market pricing has been shifting away from 50... 

The selling pressure in US equities intensifies

Nasdaq Comp daily The Nasdaq is now down 1.3% and the S&P 500 down 0.85% -- both session lows. Some stops were hit on the latest leg down as the earlier lows gave way. There is some real angst ahe... 

Fed's Collins: Timing seems appropriate to begin easing monetary policy

Fed's Collins Policy is well-positioned, wants gradual, methodical approach to cutting There is a clear path to achieving Fed's goals without unneeded downturn I'm starting to think "policy is well-po... 

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FX option expiries for 22 August 10am New York cut

There is just one to take note of on the day, as highlighted in bold . However, given the overarching theme in markets this week i.e. dollar weakness, the expiries for EUR/USD at the 1.1100 level may... 

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