Dollar's Steady Climb and Powell's Crucial Speech: A Game-Changer Awaits

Currencies tread with caution ahead of Powell's speech

An unexpectedly weak July jobs report coupled with big downward revisions to hiring in May and June bolstered hopes of an imminent reduction in borrowing costs, with traders even pricing in a jumbo rate cut for the next meeting in September.

Dollar's Steady Climb and Powell's Crucial Speech: A Game-Changer Awaits

Dollar's Steady Climb and Powell's Crucial Speech: A Game-Changer Awaits The U.S. dollar showed signs of resilience on Friday, maintaining its position for a robust weekly performance as the financial world turns its focus to Federal Reserve Chair Jerome Powell's highly awaited speech. Powell's address is expected to be a pivotal moment that could influence future interest rate trajectories.A surprisingly weak employment report for July and down…

US Dollar Holds Firm Ahead Of Powell's Speech Today

The US dollar holds firm ahead of Fed Chair Jerome Powell's speech, supported by strong PMI data and cautious Fed commentary. Markets weigh September rate cut odds as Treasury yields stay elevated and inflation pressures linger.

Dollar Index Keeps Firm Tone Ahead of Powell's Speech - Action Forex

The dollar index stood at the front foot and hit three-week high on Friday morning, as improved sentiment on Fed policy outlook continued to boost dollar in past few days. Initial signals that the central bank may opt for more aggressive policy easing after disappointing July labor data, along with strong downward revisions of June […] The post Dollar Index Keeps Firm Tone Ahead of Powell’s Speech appeared first on Action Forex.

Silver (XAG) Forecast: Cautiously Bullish as Powell Speech Looms and 50-Day Average Holds

Silver holds above the 50-day moving average as traders eye Powell’s speech for clues. Price prediction hinges on Fed tone, dollar strength, and support levels.