The Australian Dollar has grinded higher, but future direction will likely depend on commodity pricing, yield differentials and risk appetite.

Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed symposium on tap.

Markets faced a broad risk-off tone last week with sentiment deteriorating further due to global growth concerns and the delta variant of covid. The Dow and EUR/USD eye the Fed symposium on tap.

Emerging market currencies have continued to underperform relative to select G10 counterparts as risk appetite fades. Jackson Hole and US data ahead

Investors turn their focus to the Jackson Hole Symposium as global stocks suffer a setback

A quite week for spot gold after a rollercoaster August. Markets await further guidance as Jackson Hole Symposium looms. XAU/USD looks to dollar drivers.

Last Thursday’s dramatic drop in EUR/USD below the critical 1.17 level has opened the way for further steep losses in the pair although some consolidation either side of 1.17 is likely first.

The US Dollar (via the DXY Index) has moved up to fresh yearly highs as traders have begun to anticipate the Fed’s stimulus withdrawal.

The cryptocurrency market is looking in good shape ahead of the weekend with prices breaking out of their recent consolidation phase and pressing higher.

The Australian Dollar will be under pressure to shrug off a strengthening USD as commodities risks increase, Delta spreads and the Fed moves into view.