Tag Archive: Jackson Hole

Dollar Losses Extended, Led by the Japanese Yen

2024-08-19

by

2024-08-19

Overview: The dollar settled last week on a soft note, and follow-through selling today pushed it lower against nearly all the G10 and emerging market currencies today. Just as some observers were talking about a resumption of the yen carry-trades, the yen has popped up. The yen has a little more than 2.2% against the dollar Friday and today. Unlike previous yen surge, the Antipodeans (candidates for the long leg of the carry trades) have traded...

Read More »

Flash PMI, Jackson Hole, and the Price Action

2022-08-20

by

2022-08-20

For many, this will be the last week of the summer. However, in an unusual twist of the calendar, the US August employment report will be released on September 2, the end of the following week, rather than after the US Labor Day holiday (September 5). 

Read More »

What’s Going On, And Why Late August?

2020-10-29

by

2020-10-29

ICE: US$ Index Futures, DX1
This isn’t about COVID. It’s been building since the end of August, a shift in mood, perception, and reality that began turning things several months before even then. With markets fickle yet again, a lot today, what’s going on here?

Read More »

This Has To Be A Joke, Because If It’s Not…

2020-08-28

by

2020-08-28

US Treasury and Auction Rates, Oct 2018 Aug 2020
After thinking about it all day, I’m still not quite sure this isn’t a joke; a high-brow commitment of utterly brilliant performance art, the kind of Four-D masterpiece of hilarious deception that Andy Kaufman would’ve gone nuts over. I mean, it has to be, right?I’m talking, of course, about Jackson Hole and Jay Powell’s reportedly genius masterstroke.

Read More »

‘Last Economist Standing’ John Taylor Urges “Less Weird Policy” At Jackson Hole

2016-08-25

by

2016-08-25

I attended the first monetary-policy conference there in 1982, and I may be the only person to attend both the 1st and the 35th. I know the Tetons will still be there, but virtually everything else will be different. As the Wall Street Journal front page headline screamed out on Monday, central bank Stimulus Efforts Get Weirder. I’m looking forward to it.

Read More »

FX Daily, August 22: Fischer Joins Dudley; Waiting for Yellen

2016-08-22

by

2016-08-22

Last week, some market participants were giving more credence to what seemed like dovish FOMC minutes than to NY Fed President Dudley's remarks that accused investors of complacency over the outlook for rates. Yesterday, Vice-Chairman of the Federal Reserve Fischer seemed to echo Dudley's sentiment, and this has underpinned the dollar and is the major spur of today's price action.

Read More »

FX Weekly Preview: Yellen at Jackson Hole

2016-08-22

by

2016-08-22

Lastly, a brief word about next week. I will not post my usual piece on macro considerations on Sunday. Here, though, is a brief thumbnail sketch of the top five things I will be watching: Yellen at Jackson Hole at the end of next week: To the extent that she shares her assessment of the economy, I would expect to largely echo the broad sentiment expressed by NY Fed President Dudley.

Read More »

SNB only major central bank missing at Jackson Hole, are important SNB decisions looming ?

2012-08-27

by

2012-08-27

SNB Chairman Jordan speaks to media during a news conference in Bern
  The Jackson Hole Symposium is traditionally a meeting of global central bankers, here the 2010 attendance list. This year it takes place between August 30 and September 1. Central bankers assemble  The annual economic symposium for central bankers staged by the Federal Reserve Bank of Kansas City begins in Jackson Hole, Colorado (until September 1). …

Read More »

FX Technical Outlook, Net Speculative Positions, Global Markets, week August 27

2012-08-27

by

2012-08-27

risk
Submitted by Mark Chandler, from marctomarkets.com   There are two main drivers behind the price action in the foreign exchange market and they will likely persist in the days ahead.  First, there continues to be position adjustment ahead of the what promises to be eventful few weeks.  Second, the release of the minutes from the August 1 …

Read More »

Brad DeLong on Jackson Hole and Quantitative Easing

2012-08-22

by

2012-08-22

Brad DeLong Daedalus
  Berkeley Professor Brad DeLong has delivered a nice allegorical entry in his type pad on a quick Quantitative Easing. Letting speak old greek mythological figures he hides his personal opinion. A half now completely written platonic dialogue on what the Federal Reserve is Doing — or not Doing — Right Now DeLong explains the …

Read More »

Fed Violates its Own Inflation Targets. Should QE3 Be Postponed?

2012-08-16

by

2012-08-16

Fed's Fav Inflation Expectations WSJ
  At this year’s Jackson Hole symposium, Ben Bernanke promised to help the economy via further easing if  needed. We doubt his promises because because the Fed might contradict their inflation targets. Current levels of around 2 % for the consumer price inflation excluding food and energy (“core CPI“) and the deflator of the GDP …

Read More »

Currency Outlook and Net Speculative Positions: Week from July 16

2012-07-16

by

2012-07-16

chess
Currency Outlook and Positioning: Week from July 16 Guest Post from Marc Chandler

Read More »

EUR/CHF, A History, Market Betting on Floor Hike: February 2012

2012-02-02

by

2012-02-02

eur chf 2012
EUR/CHF Busy Doing Jack; Jordan Gobbing Off Later EUR/CHF sits at 1.2048, some 7 pips easier from when I started out. Barrier option interest sits at 1.2025 and ofcourse 1.2000. SNB interim head honcho Jordan speaks later this evening (18:30 GMT) in Zurich.  Might be giving instructions on how to make his favourite alpine muesli … Continue reading...

Read More »

EUR/CHF: A History of Interventions: September 2011: The Floor Introduction

2011-09-30

by

2011-09-30

eurchf daily sept6
SNB Spotted In The Cross Today… Traders say the SNB was seen on the bid in lumpy size on the quick slide toward 1.2120 shortly after the open of US equity cash markets at 13:30. We’ve quickly bounced to 1.2170. By Jamie Coleman  || September 30, 2011 at 14:20 GMT Category: All, Americas, Mkt Talk, Regions || Tags: EUR/CHF || 0 comments || Add …

Read More »

EUR/CHF: One Year of Free Market (07/2010-07/2011): July 2011

2011-07-31

by

2011-07-31

ForexLive Asian Market Open EUR/USD is trading around 1.4390 and USD/JPY is at 77.20 as the market awaits the latest developments out of Washington. Risk pairs like EUR/JPY and EUR/CHF are likely to be whippy this morning as the headlines hit the newswires. Good luck out there. By Sean Lee  || July 31, 2011 at 20:49 … Continue reading »

Read More »

EUR/CHF: One Year of Free Market (07/2010-07/2011): June 2011

2011-06-30

by

2011-06-30

6-14 eurchf
Specs Scrambling For Cover In EUR/CHF The Armageddon trade is being taken off in dramatic size in thin-month-end markets, driving EUR/CHF above 1.2200. USD/CHF is nearing resistance at 0.8440. Traders not talk of significant interest from real money accounts to buy both USD/CHF and USD/JPY at the fixing at 15:00 GMT. The danger now is … Continue reading »

Read More »