Forex news from the European trading session – 27 August 2021
Headlines:
Markets:
– AUD leads, JPY lags on the day
– European equities mixed; S&P 500 futures up 0.3%

A look at what is on the board for today
Just a couple of big ones for EUR/USD today, as highlighted in .
bold
That said, price action remains more muted ahead of Jackson Hole, holding above key near-term levels at 1.1750 while below 1.1800. That is likely to see the current range hold out before the expiries

Dollar trades back to being little changed on the day
The greenback is trading pretty much flat across the board now, with only some mild weakness (even then it’s a stretch) against the aussie.

Remarks by Atlanta Fed president, Raphael Bostic
– Reasonable to trim bond purchases in October if US job gains stay strong
– Thinks „substantial progress“ benchmark to start tapering would be met if August job gains match those in June, July
This adds to the chorus of hawkish remarks by Fed policymakers yesterday .

It has been a solid rebound in CAD/JPY this week
The early week momentum was quelled in trading yesterday but the pair sits in a good spot ahead of Jackson Hole as overall risk sentiment remains steadier.

Kansas City Fed president, Esther George, speaks to Fox Business
– It is time to start altering Fed accommodation
– Fed should begin decreasing bond purchases this year
This pretty much further diminishes any major announcement from the Jackson Hole symposium tomorrow, though the fact that it had gone virtual already did send a clear enough message on

Forex news from the European trading session – 26 August 2021
Headlines:
Markets:
– EUR leads, CHF lags on the day
– European equities lower; S&P 500 futures flat

ECB releases the account of its July monetary policy meeting – 26 August 2021

Kansas City Fed president, Esther George, will be speaking in a bit
She will be speaking on Fox Business and the hot topic may be what to expect going into Jackson Hole tomorrow. Her Fed branch is of course the host of the event, so keep your eyes and ears peeled just in case.

Dollar steady and little changed for the most part
A quick summary of price action today is that we’re seeing a breather from all that has taken place in the opening half of the week.