Investinglive analyst Giuseppe Dellamotta said the recent more dovish-than-expected comments from Federal Reserve Chairperson Jerome Powell at the FOMC press conference provided support for gold prices. He played down inflation risks and highlighted weakness in the labor market, suggesting the Fed is optimistic about higher...
Powell's dovish stance may end the current round of dollar rally, and the October interest rate cut plan is still in progress. The U.S. small business confidence index has declined, mainly weighed down by pessimism about the economic outlook and growing concerns about overstocking.
Powell's dovish signal ignited interest rate cuts, and gold prices rose strongly, but the undercurrent of funds was surging, and the trend was high and the exit signal was looming. Analysts warned that the current situation remains delicate.
Powell's dovish speech opened the "fast track" of interest rate cuts in September, and the bullish pattern of gold technology was solid; silver trend was stronger than gold, and the gold-silver ratio continued to be concerned; whether the pound could break through the key resistance... Click to view the key levels of each asset based on order flow...
CITIC Securities Research Report believes that Powell's speech at the Jackson Hole Annual Meeting is in line with our previous expectations. It is expected that the Federal Reserve will cut interest rates three times in a row this year, each time by 25bps. In terms of assets, we believe that the main line of the "interest rate cut transaction" in the US stock market will be re-clarified, and the trading logic of "make-up" will dominate the subsequent US stock market, similar to the interest rate...
Powell's dovish speech opened the "fast track" of interest rate cuts in September, and the bullish pattern of gold technology was solid; silver trend was stronger than gold, and the gold-silver ratio continued to be concerned; whether the pound could break through the key resistance... Click to view the key levels of each asset based on order flow...
Mona Mahajan of Edward Jones said Fed Chair Jerome Powell's dovish turn in Jackson Hole was based on economic trends rather than political pressure. "Powell's position has been fairly consistent and the market has recognized him as providing a fairly balanced narrative," she said. "It doesn't look like there's any indication that his position has changed because of politics." Powell said tariff-fueled inflation could be temporary, while also acknowledging cracks in the labour market. Mahajan not...
Powell's dovish speech stifled the signs of a US index rebound. Can the US index plunge hold the key support? The US-German interest rate spread continues to narrow, and Europe and the United States may need to break through... > >