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UPCOMING EVENTS:Monday: PBoC LPR.Wednesday: NZ Retail Sales, AU/JP/EZ/GB/US PMIs, Canada Retail Sales.Thursday: US Jobless Claims. Friday: Fed Chair Powell speaks at the Jackson Hole Symposium (24-26 August).MondayThe PBoC is expected…
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Share: GBP/USD retreats from daily highs and losses for the second day in the week but remains set to finish the week on a higher note. Retail Sales in the…
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USD/JPY News and AnalysisJapanese inflation prints inline, but stickier prices remain elevatedUSD/JPY momentum stalls on developing safe-haven switchJapanese data is scarce but markets look ahead to Jackson Hole eventThe analysis…
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Despite good economic data like lower core inflation, stable jobless claims, lower inflation expectations and strong consumer spending that support the soft-landing narrative, the S&P 500 just keeps on falling…