JACKSON HOLE SYMPOSIUM-FROM HAWK TO DOVE!
Fed's Jerome Powell shifts focus to jobs data rather than inflation
Focus shift of policy signalling a rate cut in September
Fed might not wait for perfect in flashing before slashing rates
Fed expected to be on track for a 25bps rate cut in September
Powell re-affirms the 2% inflation target
Trump says Powell should have cut interest rates-a year ago, too late
Alert-This was last Jackson Hole Symposium for Powell-as he retires next year+One more jobs data is left ahead of FOMC meet
Impact of Asset Classes-RISK ON SENTIMENT JUMPS! (OWN AN ASSET!)
Positive reaction expected for Emerging Markets-Like India + Strong Indian Rupee (FII short covering is still left)
MSCI World Index Nasdaq up 1.5%
S&P 500 jumps 1.5%-most since May
Dow Jones hits record high levels
Ethereum hits record -high in past 4 years, jump 14% above $4830(Record flows as Bitcoin alternative)
Bitcoin jumps 4%-above $116,000 (Turning into Blue-Chip)
10-year US treasury yield falls by 9bps to 4.26%
Gold rises by 1% to $3375/oz
Global currency strengthen as dollar weakens
Dollar Index below 97 after 4 days
Base Metals jumps upto 2% on expectation of rising demand
Alert-Crude not that much on these factors but on global factors-supply+demand
Fed's Jerome Powell shifts focus to jobs data rather than inflation
Focus shift of policy signalling a rate cut in September
Fed might not wait for perfect in flashing before slashing rates
Fed expected to be on track for a 25bps rate cut in September
Powell re-affirms the 2% inflation target
Trump says Powell should have cut interest rates-a year ago, too late
Alert-This was last Jackson Hole Symposium for Powell-as he retires next year+One more jobs data is left ahead of FOMC meet
Impact of Asset Classes-RISK ON SENTIMENT JUMPS! (OWN AN ASSET!)
Positive reaction expected for Emerging Markets-Like India + Strong Indian Rupee (FII short covering is still left)
MSCI World Index Nasdaq up 1.5%
S&P 500 jumps 1.5%-most since May
Dow Jones hits record high levels
Ethereum hits record -high in past 4 years, jump 14% above $4830(Record flows as Bitcoin alternative)
Bitcoin jumps 4%-above $116,000 (Turning into Blue-Chip)
10-year US treasury yield falls by 9bps to 4.26%
Gold rises by 1% to $3375/oz
Global currency strengthen as dollar weakens
Dollar Index below 97 after 4 days
Base Metals jumps upto 2% on expectation of rising demand
Alert-Crude not that much on these factors but on global factors-supply+demand
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