Market News

The dollar was mixed on Friday, as traders cleared the decks for speeches by Fed chief Janet Yellen and her euro zone counterpart Mario Draghi at a central bank meeting in Jackson Hole, Wyoming.

Another choppy morning London session today. The euro was busting the moves, however, since it jumped higher across the board ahead of Draghi’s speech.

The EU divorce grinds on next week when the EU and U.K. teams meet for another round of talks. Here are points you need to know about the event!

Oil prices rose on Friday as the U.S. petroleum industry braced for Hurricane Harvey, which may become the biggest storm to hit the U.S. mainland in more than a decade.

Gold was steady on Friday, marking time ahead of speeches by U.S. Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi later in the day.

Hurricane Harvey intensified early on Friday into potentially the biggest hurricane to hit the U.S. mainland in more than a decade, as authorities warned locals to shelter from what could be life-threatening winds and floods.

Forex price action was pretty choppy across the board, as Asian session traders brace themselves for Yellen and Draghi’s speeches scheduled later today.

The dollar was buoyant against the yen on Friday as some participants bought back the currency to square positions ahead of a meeting of central bankers in Jackson Hole, Wyoming.

Japan’s core consumer prices rose 0.5 percent in July from a year earlier to mark a seventh straight gaining month, a sign the economy is making steady but painfully slow progress toward meeting the central bank’s 2 percent inflation target.

Oil prices rose on Friday as the U.S. petroleum industry prepared for the arrival on the coast of Texas of Hurricane Harvey, which threatens to disrupt onshore and offshore production.

Asian stocks traded tentatively on Friday as U.S. political turmoil continued to erode risk sentiment, but the dollar strengthened as attention shifted to the central bankers’ symposium in Jackson Hole, Wyoming, that began on Thursday.

Major currencies traded carefully for the most part of the session and gold moved sideways as traders were sitting on their hands while waiting for Draghi and Yellen’s Jackson Hole speeches.

U.S. stocks dipped on Thursday as political uncertainty in Washington kept investors cautious ahead of comments on monetary policy from central bankers gathered for their annual meeting in Jackson Hole, Wyoming.

The dollar edged higher on Thursday as investors shifted focus away from government tension in Washington to an upcoming global central bankers’ gathering.

Gold prices drifted lower on Thursday, pressured by a firmer dollar as investors awaited cues on further interest rate hikes from central bankers meeting in Jackson Hole this week.

U.S. Treasury yields edged higher on Thursday as investors waited on central bank speeches in Jackson Hole for fresh indications on monetary policy.

Choppy price action today, but JPY was on the move since it got trounced across the board. USD was frisky as well, since it returned its gains from earlier.

With Yellen scheduled to give a talk at the Jackson Hole Meet on Friday, I thought that now would be a good time for a quick economic roundup.

World stocks steadied on Thursday after two turbulent weeks as geopolitical worries eased in Asia and caution prevailed on the day the annual Jackson Hole gathering of central bankers gets underway.

The Greenback gained a few pips against its counterparts while some Asian session equities traders caught up to yesterday’s risk aversion.